Jebsen & Jessen has acquired a 60% stake in Indonesian beverage packaging manufacturer PT Indo Tirta Abadi, enhancing its market position and operational capabilities within a growing industry.

Target Company Overview

Jebsen & Jessen has successfully acquired a 60% stake in PT Indo Tirta Abadi (ITA), a notable beverage packaging manufacturer in Indonesia. This transaction, finalized on March 6, 2020, represents a strategic move for Jebsen & Jessen as they aim to expand their presence in Asia's rapidly growing beverage sector. ITA reported a revenue of SGD 42 million in 2019 and employs approximately 500 individuals, reflecting its significant operational capacity within the market.

Industry Overview in Indonesia

Indonesia's beverage packaging industry has seen robust growth due to increasing demand for packaged beverages among its burgeoning population. The rising consumer preferences for convenience and quality have heightened the importance of effective packaging solutions. As Indonesia is the fourth most populous country globally, its market potential for beverage products is substantial, driving significant investment in both manufacturing and supply chain capabilities.

Furthermore, several international and local players are vying for prominence within this sector, leading to heightened competition. The industry is undergoing rapid advancements in technology and sustainability practices, as co