Investment supports the company's strategy to aggressively develop its global presence , /PRNewswire/ - Hormel Foods Corporation NYSE HRL, a Fortune 500 global branded food company, today announced it has acquired a minority stake in PT Garudafood Putra Putri Jaya Tbk "Garudafood", one of the largest food and beverage companies in Indonesia. "This strategic investment enhances our partnership with Garudafood, which has been instrumental in helping us expand our business into Indonesia and Southeast Asia," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. "Garudafood is a market leader, with strong and reputable brands, local expertise and a best-in-class distribution network. We look forward to accelerating our presence in these high-growth geographies and the snacking and entertaining category as we further leverage the strengths and capabilities of both companies." Garudafood's branded portfolio includes many leading snacking products, such as Garudapeanut snacks, Gery biscuits and confectionary products, and Chocolatos wafer sticks. "We are very excited to continue expanding and strengthening our partnership with Hormel Foods to grow Garudafood's business together in Indonesia," said Hardianto Atmadja, president director of PT Garudafood Putra Putri Jaya Tbk. "Hormel Foods has more than 130 years of company history, so there are many things that we can learn from them. We also find that there are similarities in our company cultures and values, which are very important for a long-term partnership. There are some potential synergies and growth opportunities that we have identified, such as combining the strengths and expertise of Hormel Foods with our presence and local market knowledge." "This has been a successful partnership between the Soenjoto family, the strong management team at Garudafood and CVC," said Andy Purwohardono, partner at CVC, which sold a significant portion of the shares acquired by Hormel Foods. "I would like to congratulate the leadership team for building resilience and growing the business profitably during the pandemic, as well as continuing its track record of launching new innovative products. Hormel Foods is the perfect partner for Garudafood, and I wish them a great success for the future." Hormel Foods purchased approximately 29% of the shares of Garudafood from CVC and other shareholders. The transaction closed during Indonesia Stock Exchange trading hours on Dec. 15, 2022. Barclays was the exclusive financial adviser to Hormel Foods, and Faegre Drinker Biddle & Reath LLP served as legal counsel. BofA Securities was the exclusive financial adviser to CVC, and White & Case LLP served as legal counsel. ABOUT HORMEL FOODS — Inspired People. Inspired Food.™ Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters , SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, WHOLLY, Hormel Black Label, Columbus, Jennie-O and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three years, is one of Fortune magazine's most admired companies, has appeared on the "100 Best Corporate Citizens" list by 3BL Media 13 times, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit ABOUT GARUDAFOOD PT Garudafood Putra Putri Jaya Tbk IDX GOOD is one of the largest food and beverage companies in Indonesia. Founded in 1990, Garudafood's business operations have been established since 1979 by the founder of the company through PT Tudung Putra Jaya TPJ, a company in Pati, Central Java, which markets peanut products which became known as Garuda Peanut. Currently, Garudafood produces and markets food and beverage products under six leading brands, namely Garuda, Gery, Chocolatos, Clevo, Prochiz and TopChiz. Its products include biscuits, nuts, pilus, pellet snacks, confectionery, milk drinks, chocolate powder, cheese and mayonnaise. Garudafood exports its products to more than 20 countries, focusing on ASEAN countries, China and India. Most of Garudafood's products are made in its own production facilities. Garudafood currently manages two production facilities in Pati, Central Java, one production facility in Gresik, East Java, one production facility in the Rancaekek Industrial Area, Sumedang, West Java, and one production facility in Cikarang, West Java. All Garudafood products have obtained Halal certification and ISO 22000 Food Safety Management System. FORWARD-LOOKING STATEMENTS This news release contains "forward-looking" information within the meaning of the federal securities laws. The "forward-looking" information may include statements concerning the Company's outlook for the future as well as other statements of beliefs, future plans, strategies, or anticipated events and similar expressions concerning matters that are not historical facts. Words or phrases such as "should result," "believe," "intend," "plan," "are expected to," "targeted," "will continue," "will approximate," "is anticipated," "estimate," "project," or similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those anticipated or projected, which factors include, but are not limited to, risks related to the deterioration of economic conditions; the COVID-19 pandemic; risks associated with acquisitions and divestitures; potential disruption of operations including at co-manufacturers, suppliers, logistics providers, customers, or other third party service providers; risk of loss of a material contract; the Company's inability to protect information technology systems against, or effectively respond to, cyber attacks or security breaches; deterioration of labor relations, labor availability or increases to labor costs; general risks of the food industry, including food contamination; outbreaks of disease among livestock and poultry flocks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for the Company's products; damage to the Company's reputation or brand image; climate change, or legal, regulatory, or market measures to address climate change; risks of litigation; potential sanctions and compliance costs arising from government regulation; compliance with stringent environmental regulation and potential environmental litigation; and risks arising from the Company's foreign operations. Please refer to the cautionary statements regarding "Risk Factors" and "Forward-Looking Statements" that appear in our most recent Annual Report on Form 10-K and Quarterly reports on Form 10-Q, which can be accessed at in the "Investors" section, for additional information. In making these statements, the Company is not undertaking, and specifically declines to undertake, any obligation to address or update each or any factor in future filings or communications regarding the Company's business or results, and is not undertaking to address how any of these factors may have caused changes to discussions or information contained in previous filings or communications. Though the Company has attempted to list comprehensively these important cautionary risk factors, the Company wishes to caution investors and others that other factors may in the future prove to be important in affecting the Company's business or results of operations. The Company cautions readers not to place undue reliance on forward-looking statements, which represent current views as of the date made. View original content to download multimedia SOURCE Hormel Foods Corporation
LowonganKerja PT.GarudaFood Putra Putri Jaya Tbk - PT. Garudafood Putra Putri Jaya Tbk, dikenal secara umum dengan nama Garudafood, adalah perusahaan makanan dan minuman asal Indonesia yang dimiliki oleh kelompok usaha Tudung. For Placement in Rancaekek; IT SUPPORT OFFICER Persyaratan. Candidate must possess at least a Diploma, Bachelor
Kami sangat senang dengan hubungan lama kami dengan Garudafood dan potensi pasar confectioneries di Indonesia," ungkapnya. Hardianto Atmadja, CEO PT Garudafood Putra Putri Jaya Tbk, mengatakan, kolaborasi dengan Barry Callebaut yang dimulai pada tahun 2015 merupakan salah satu strategi inovasi terbuka Garudafood dalam mendukung Industry 4.0.
GarudaFood is a food and beverage company subordinated to Tudung Group. In addition to GarudaFood, Tudung Group also subordinates agribusiness companies operating in Crude Palm Oil field and Group had originated from PT Tudung, it was established in Pati, Central Java. The company founder is the deceased Darmo Putro, ex-warrior who had chosen to engage in business sector after the independence of early of 1987, TPJ started selling its peanut production products using a brand of Kacang Garing Garuda, which was recently known as Kacang Garuda. Kacang Garuda earned the following awards Indonesian Customer Satisfaction Award ICSA under the category of branded peanut for 14 times consecutively 2000 – 2013; Superbrands 2003 - 2004; Top Brand for Kids 2004; Indonesian Best Brand Award IBBA, 2004 – 2013; Top Brand 2007 – 2013.When national economy suffered from economic crisis, on December 1997, PT GarudaFood Jaya GFJ was established, producing Gery-branded biscuit. Gery Saluut earned Indonesian Best Brand Award IBBA from MARS and SWA Magazine for a period of 2005-2011 under the category of wafer salut. In 2007-2013 Gery Chocolatos earned IBBA under the category of wafer 1998 GarudaFood acquired PT Triteguh Manunggal Sejati TRMS, producer of jelly and launched jelly product using brands of Okky and Keffy. Achievement of Okky jelly has been proven by its successfulness in earning Top Brand for Kids TBK Award 2004 under the category of jelly. In addition to TBK, OKKY Jelly also managed to earn IBBA 2005-2012. Okky jelly Drink also earned Top Brand Award 2007-2013 from Marketing Magazine in cooperation with the end of 2002, TRMS launched jelly beverage products with a brand of Okky Jelly Drink and it also constituted a new phase for GarudaFood to deal with beverages business. Seriousness of GarudaFood in focusing on beverages business had also become apparent by the launching of Mountea, fruit-flavored tea beverage. Mountea had even been awarded by IBBA 2007-2013 under the category of tea beverage in cup packaging, Indonesia Customer Satisfaction Awarded by SWA MAgazine & Frontier Survey Foundation in 2010 and also earned Word of Mouth Marketing Award given by SWA Magazine in 2011 & also produces Snack with a brand of Leo, for category of Potato chips, banana chips, cassava chips products initiated from the end of 2005. In 2007-2011 Leo earned IBBA award for category of potato national level, GarudaFood is also positively perceived as one of the admired food and beverage companies. Survey made by Frontier and BusinessWeek Indonesia Magazine in Jakarta and Surabaya in 2005 – 2011 indicated that GarudaFood was in the third position and 2nd position in food & category in 2012 – 2013 of Indonesian Most Admired Company IMAC GarudaFood also actively performs corporate social responsibility CSR under the flag of GarudaFood accelerate the achievement of its vision, in 2011 GarudaFood Group with non-alcohol division of Suntory Beverage & Food, a company from Japan established a subsidiary PT Garuda Suntory Beverage, focused on the development of the all potencies supported by above 18 thousands knowledge workers have become main asset to GarudaFood in the effort to go forward to meet a success as sustainable enterprise.PTGarudafood Putra Putri Jaya Tbk Senin, 1 November 2021 Kantor Pusat Garudafood Jakarta. PROTOKOL KESEHATAN. • Rancaekek • Cikarang 6. Struktur Perusahaan PT Garudafood Putra Putri Jaya Tbk *other principals: PT Suntory Garuda Beverage 54,95% 66,07% 49% 37% 100% Wednesday, 22 May 2019 Rancaekek, May 22nd, 2019 - Ramadan is the best moment to spread kindness and share with others. The nature of sharing with others is a very noble character, because it is loaded with the meaning of solidarity that is strong towards human actualization in carrying out its religion while inspiring awareness that in fact we need interaction with others in all aspects of life. Sharing activities is one way to bond human relations. Related to this, PT Garudafood Putra Putri Jaya Tbk held a sharing activity for dozens of orphans at the Rancaekek factory, Sumedang, West Java 22/5. In addition to providing compensation, they are also given education on 'Food Safety' which is packaged in the form of a creative fairy tale. "We routinely share this activity every week during the month of Ramadan by inviting orphans from various regions. In addition to providing compensation, we also want to provide useful information to them, one of which is Food Safety. Through storytelling, we hope that they can easily understand and apply in their daily lives, for example adab washing hands before eating, carefully reading labels on product packaging, carefully before consuming food and so on, 'said Felly Linawati, Head of Garudafood Rancaekek Factory. on the sidelines of the event. "Through this activity, we also hope to strengthen the relationship between our employees and also make this a momentum to improve ourselves to become better human beings. In addition, this activity is in line with the culture of GarudaFood to always be grateful & serve others " This activity ended with a visit to the production process of Clevo, one of the Garudafood products in the milk beverage category. They are invited to see the process of receiving raw materials, quality control, pasteurization, packaging until the product reaches the consumers Sharingactivities is one way to bond human relations. Related to this, PT Garudafood Putra Putri Jaya Tbk held a sharing activity for dozens of orphans at the Rancaekek factory, Sumedang, West Java (22/5). In addition to providing compensation, they are also given education on 'Food Safety' which is packaged in the form of a creative fairy tale.
Overview Place Name Garudafood Putra Putri Jaya. PT Average Rating 4 Place Address JL. Raya Rancaekek, Km. Mangunarga, RancaekekKabupaten SumedangJawa Barat 40394Indonesia Phone Number 022 7783121 Website Opening Hours Senin Tutup Location Information Full Address JL. Raya Rancaekek, Km. Mangunarga, Rancaekek, Kabupaten Sumedang, Jawa Barat 40394, Indonesia Administrative Area Level 4 Mangunarga Administrative Area Level 3 Rancaekek Administrative Area Level 2 Kabupaten Sumedang Administrative Area Level 1 Jawa Barat Country Indonesia ID Postal Code 40394 Type food, point_of_interest, establishment Latitude Longitude Geo Location Reviews of Garudafood Putra Putri Jaya. PT Nearby Entities Nearby places NameAddressRating Tabloit WartaJL Rancakusumba, No. 297, Solokan, Jeruk, Majalaya, Solokanjeruk, Solokan Jeruk, Bandung, Jawa Barat 40376, Indonesia4 SMP Negeri 1 CileunyiJL. Raya Cinunuk Cileunyi KM 15, Cimekar, Cileunyi, Cimekar, Ujungberung, Bandung, Jawa Barat 40623, Kamper II no. 49, Bumi Panyawangan, Kec. Cileunyi, Cimekar, Bandung, West Java 40393, Indonesia0 PrimagamaJl. Mayor Oking Jayaatmaja No. 63 Cibinong Cimekar Cibinong Cibinong Jawa Barat, Cimekar, Cileunyi, Bandung, Jawa Barat 40623, Indonesia0 Rajawali GentengJl. Nasional III, Cimekar, Cileunyi, Bandung, Jawa Barat 40623, Indonesia1 Jiale Indonesia GarmentJl. Rancaekek Majalaya Solokanjeruk, Solokan Jeruk, Bandung, Jawa Barat 40376, Indonesia3 Nutrend Bogor IndonesiaJl. Kayumanis Rt 004%2F RW 002 Cimekar Cibinong Cibinong Jawa Barat, Cimekar, Cileunyi, Bandung, Jawa Barat 40623, Indonesia0 SMK Bakti Nusantara 666Jl. Percobaan Cileunyi Kulon, Cileunyi, Bandung, Jawa Barat 40622, Rias Pengantin Bandung TimurJl. Tagog Wetan RT 04 RW 04, cileunyi, Cimekar, Cileunyi, BANDUNG, Jawa Barat 40263, Indonesia5 Citra Wedding Organizer BandungJl. Tagog Wetan RT 004 RW 004, Cimekar, Cileunyi, Cimekar, Cileunyi, Bandung, West Java 40623, Indonesia5 Improve Information Do you have more infomration about Garudafood Putra Putri Jaya. PT? Please fill in the following form.
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