Royaan, a 95% owned portfolio company of NPM Capital, well-known for its brands including Van Dobben, Kwekkeboom, KB and Buitenhuis, has reached agreement with Tjendrawasih B.V.’s shareholders to purchase all its shares.
Tjendrawasih is based in Alkmaar, the Netherlands and employs around 40 full-time staff. Tjendrawasih is primarily known for the manufacture and sale of high-quality Asian snack foods, such as spring rolls, ‘bapao’ dumplings, pitta bread, pasties and roti products. Tjendrawasih B.V. was established in 1977 by the current shareholders, Ben and Adien Tan.
Tjendrawasih’s present directors, Ben and Adien Tan, will continue with the daily management of Tjendrawasih. Royaan’s directors are Olaf Noorman (Chief Executive Officer) and Boele de Jong (Chief Financial Officer). Both are enthusiastic. ‘Tjendrawasih is a wonderful company and has proven success with a range of fantastic Asian snack concepts; these fit seamlessly within our business mission. We can also see a lot of growth potential, nationally as well as internationally. By keeping the current management team in place, the present culture will also remain intact, which we feel is extremely important,’ according to Olaf Noorman. Ben and Adien Tan are also enthusiastic: ‘Royaan has a strong market position in the food service industry. Teaming up with Royaan is furthermore beneficial to us because it allows us to guarantee the company’s continuity in the best possible way, given the absence of a successor within the family and business.’ The company will continue to operate independently.
