FrieslandCampina and PT Ultrajaya Milk Industry Tbk (Ultrajaya) have entered into a strategic partnership where Frisian Flag Indonesia (FFI) will become part of the Ultrajaya Group.
FrieslandCampina-owned FFI will join a broader, more resilient platform (Ultrajaya) serving consumers across the archipelago. This step supports FrieslandCampina’s mission to nourish children and families in Asia by growing access to the goodness of dairy nutrition, responsibly. Both companies will continue to operate alongside each other as separate businesses, each with its own brands, portfolios, and organisations, with an intensified cooperation focused on long-term value creation.
As part of the transaction, FrieslandCampina will obtain a controlling interest in Ultrajaya which will only be effective upon completion of the transaction. The transaction has been approved by FrieslandCampina’s Members’ Council, which represents member dairy farmers who collectively own FrieslandCampina through the cooperative. The transaction is however subject to final approval from shareholders and regulatory authorities in Indonesia.
Ultrajaya is expected to remain as an Indonesian listed company, with its headquarters, leadership and day-to-day operations based in Bandung, Indonesia. Sabana Prawirawidjaja, Ultrajaya’s Co-Founder, will continue his current role as President Director of Ultrajaya. The Prawirawidjaja family will continue to remain substantial long-term shareholders in Ultrajaya.
As part of the strategic partnership, FFI will contribute to a strengthened Ultrajaya that combines strong local leadership with FrieslandCampina’s long-term partnership approach and expertise in dairy development. Both companies share a long-term commitment to Indonesian consumers with high-quality nutritional dairy products.
Frisian Flag Indonesia has been part of Indonesian society for over a century and is widely recognised as a trusted local dairy company. The partnership with Ultrajaya builds on strong Indonesian leadership and capabilities, contributing dairy expertise and investment while growth and decision-making remain firmly rooted in Indonesia.
