Monde Nissin Corporation formed a joint venture with Indonesia’s largest bread manufacturer, Nippon Indosari Corpindo, to create Sarimonde Foods Corporation.
The newly formed Sarimonde made its first major move in the packaged bread market when it recently acquired Walter Bread, a Filipino brand known for its healthy and innovative bread products. Its portfolio include Walter Sugar-Free Bread and Walter Double Fiber Wheat Bread, both first of their kind in the market.
Monde Nissin is set to exclusively market and distribute Walter Bread in the Philippines by November 2016.
The joint venture furthers Monde Nissin’s thrust towards providing consumers with on trend and better-for-you products.