Cimory Group

Cimory Group, based in Indonesia, specializes in producing a wide array of dairy products, including UHT milk and yogurt, along with processed meats, catering to health-conscious consumers. Founded in 1993 and headquartered in Jakarta, Indonesia, Cimory Group operates in the dairy and food processing sectors. The company has engaged in 4 deals, with the most recent one being a PIPE investment of USD 130 mn from General Atlantic in January 2023, raising its total funding to USD 130 mn. Cimory offers a diverse range of dairy products, including flavored UHT milk and yogurt made from premium milk processed with modern hygienic technologies.

Additionally, the company produces processed meats under the Macroprima Panganutama brand, targeting health-conscious families and consumers. Their products are distributed across Indonesia and various Southeast Asian countries, serving both retail consumers and food service businesses. In 2022, Cimory reported a revenue of USD 430. 15 mn and an EBITDA of USD 91.

19 mn, generated through direct sales of dairy and processed meat products to grocery stores, supermarkets, and restaurants. With the recent investment from General Atlantic, Cimory Group plans to accelerate its growth strategy by developing new products and expanding its distribution network. The company aims to introduce innovative offerings and enhance its digital marketing efforts to reach new consumer segments. Specific markets targeted for expansion have yet to be detailed, but the funding will support these initiatives as Cimory looks to strengthen its position in the market.