# Indofood plans $3 billion purchase of instant noodle maker Pinehill

Indonesia's Indofood CBP Sukses Makmur plans to buy instant noodle maker Pinehill for $3.0 billion to expand into Africa and the Middle East, with shareholders voting on July 15.

- Type: Acquisition
- Announced: 2020-06-09
- Value: $3.00B
- Status: announced
- Capacity: up to 10 billion packs of instant noodles annually
- Products: instant noodles

## Companies

- [Indofood CBP Sukses Makmur](https://endata.com/companies/6598.md) (acquirer)
- [Pinehill](https://endata.com/companies/6599.md) (target)

## Sources

- [brecorder.com](https://www.brecorder.com/news/1002681), 2020-06-08: "Indonesia's Indofood CBP Sukses Makmur plans to buy instant noodle maker Pinehill for $3.0 billion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.