## CBL Group Expands Global Footprint with US$ 25 Mn Acquisition in Indonesia 📈

CBL Group, a leading Sri Lankan food conglomerate, has strategically acquired Indonesian coconut processing facility PT Tri Jaya Tangguh (TJT) for over US$ 25 Mn. This move, supported by the International Finance Corporation (IFC), aims to scale production and mitigate geographic risks. • Strategic Investment: The acquisition of TJT, which employs 800+ staff, positions CBL to leverage Indonesia’s status as the world’s largest coconut producer. The facility will utilize Indonesia’s trade agreements to enhance market access, specifically targeting growth in Europe and the United States. • Sector Significance: Global demand for coconut products is projected to hit US$ 12 Bn by 2030. In Sri Lanka, coconut-based exports crossed the US$ 1 Bn threshold in 2025, underscoring the sector's vital role in the national economy. • Operations & Growth: CBL is simultaneously doubling capacity in Sri Lanka while using Indonesia as a global hub. Focus remains on value-added products like coconut milk to meet rising consumer demand for plant-based and functional ingredients. • Key Outcomes: Enhanced supply-chain resilience and increased export capacity. Strengthening of the group’s end-to-end value chain and product innovation.