Century Pacific Food Buys Another Coconut-products Factory 

Credit: Shamils/Shutterstock.com

Century Pacific Food has struck a woody to bargain a coconut-processing works from Roxas Sigma Agriventures. 

In a connection to nan Philippines banal exchange, Century Pacific Food said it will put astir $45m to bargain nan tract and upgrade its caller asset.

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Located successful Tupi, South Cotabato, Mindanao, nan tract is nan company’s 3rd coconut installation successful nan Philippines.  

The caller works produces coconut cream, coconut beverage and virgin coconut oil, on pinch coconut h2o concentrate.  

Century Pacific said nan planned improvements will “further expand” its capabilities to cater to some home and export markets by “adding caller merchandise lines and improving wide efficiency”. 

The company, which markets Aqua Coco coconut water, added nan acquisition aligns pinch rising world request for coconut products driven by wellness and wellness trends.  

Century Pacific expects its coconut operations to support astir 800 manufacturing roles successful Mindanao. 

The group entered nan coconut conception successful 2012 arsenic an OEM exporter of coconut water, and later broadening its scope and partnerships crossed South East Asia, including pinch Linaco Manufacturing.  

In 2019, it launched a home branded coconut line, which now includes coconut water, lipid and shredded coconuts.  

Noel Tempongko, Jr., vice president and wide head of Century Pacific Food’s OEM coconut exports, said: “By expanding our capacity successful coconuts, we not only heighten our competitiveness successful nan world coconut manufacture but besides create meaningful economical opportunities for section communities successful Mindanao.  

“The further capacity will let america to innovate and service nan marketplace pinch much high-quality, better-for-you coconut products, supporting our ngo to present affordable nutrition to our consumers.” 

In June, nan institution renewed a semipermanent proviso statement pinch The Vita Coco Company.  

The contract, weighted astatine astir 14bn pesos ($240.7m), runs for 5 years starting January 2026. 

Separately, successful August, nan company acquired nan assets from Atlantic Natural Foods via its Century Pacific North America portion for “less than” $10m.  

According to a banal speech filing astatine nan time, nan group said “the plus acquisition enables it to ‘further standard its increasing beingness successful shelf-stable, plant-based nutrition’.”  

The woody covered nan Loma Linda fresh meals and Tuno alt-tuna brands, on pinch nan Neat ovum replacement and Kaffree Roma drinks, positive “formulations, prime manufacturing assets, licences, and remaining inventory”.