KONTAN.CO.ID – JAKARTA. PT Wahana Interfood Nusantara Tbk (COCO) is poised for a significant strategic expansion and market fortification with its planned acquisition of PT Sari Murni Abadi (SMA).
The company officially announced this pivotal corporate action by signing a Conditional Share Purchase Agreement (CSPA) with Metaside Global Holding Pte. Ltd. on Wednesday, May 6, 2026. This information was disclosed on the official website of the Indonesia Stock Exchange (BEI) on Thursday, May 7, 2026, and subsequently quoted by Kontan.
According to Gendra Fachrurozi, Corporate Secretary of COCO, the transaction entails the planned takeover of up to 99.99% of PT Sari Murni Abadi’s shares, currently held by Metaside Global Holding. He emphasized that the completion of this transaction remains contingent upon fulfilling several conditions stipulated in the CSPA, as well as adhering to material transaction procedures outlined by prevailing regulations. Furthermore, Fachrurozi confirmed that there are no affiliation ties between COCO and the selling party.
COCO’s management highlighted that this acquisition serves multiple strategic objectives, primarily aiming to unlock new opportunities for its cocoa business to penetrate international markets. This expansion will be significantly bolstered by leveraging complementary distribution networks, facilitating deeper regional market penetration.
Beyond international reach, the move is expected to drive substantial revenue growth for COCO. This will be achieved through the optimization of existing distribution channels across Indonesia and Vietnam, effectively broadening the company’s overall market footprint.
From an operational standpoint, the acquisition is designed to enhance efficiency across the board. This includes consolidating raw material procurement, streamlining the organizational structure, and optimizing the utilization of production capacity. These measures are anticipated to yield significant operational synergies.
Significantly, the synergy between PT Wahana Interfood Nusantara Tbk and PT Sari Murni Abadi is poised to strengthen product development through collaborative research and development initiatives. This strategic alignment is also intended to bolster the company’s competitive edge within the dynamic raw material and fast-moving consumer goods (FMCG) industries.
Notably, PT Sari Murni Abadi is a renowned snack producer, widely recognized for its popular product, Momogi. Its established distribution network already spans both domestic and export markets, making it a valuable asset for COCO’s ambitious expansion plans.
Ultimately, this strategic corporate action by COCO is set to achieve several long-term targets: enhancing business scale, improving bargaining power with suppliers, and strengthening corporate governance and system integration. These concerted efforts are fundamental to supporting sustained growth and solidifying COCO’s position in the market for years to come.
Summary
PT Wahana Interfood Nusantara Tbk (COCO) has signed a Conditional Share Purchase Agreement to acquire a 99.99% stake in PT Sari Murni Abadi, the manufacturer of the popular Momogi snack brand. This strategic move is designed to enhance COCO’s international market presence and expand its distribution network across Indonesia and Vietnam. The transaction is currently subject to specific contractual conditions and regulatory compliance procedures.
The acquisition aims to generate significant operational synergies by streamlining raw material procurement, optimizing production capacity, and fostering collaborative research and development. By integrating PT Sari Murni Abadi, COCO expects to improve its bargaining power, increase revenue growth, and strengthen its overall competitive position within the FMCG sector. This initiative represents a key long-term strategy for the company to achieve greater business scale and operational efficiency.