UAC of Nigeria to Acquire Chivita  Hollandia from Coca-Cola Company

 UAC of Nigeria PLC (UAC) has announced plans to acquire Chivita | Hollandia (CHI Limited), a leading Nigerian food and beverage company, from The Coca-Cola Company. The acquisition, which is still subject to regulatory approval, is expected to strengthen UAC’s presence in the fast-moving consumer goods sector.

‎CHI Limited is a prominent player in Nigeria’s food and beverage market, with a portfolio that includes dairy products, juices, nectars, still drinks, and snacks. Its Hollandia brand leads in evaporated milk and drinking yoghurt, while Chivita is a market leader in fruit juice.

‎The acquisition is seen as a strategic move for UAC, supporting its growth agenda and expansion into high-potential product segments. It also aligns with Coca-Cola’s plan to streamline its operations and focus on scalable brands through a flexible asset-light model.

‎The Coca-Cola system recently pledged to invest $1 billion in Nigeria over the next five years, provided a stable and supportive business environment is maintained. This deal further underlines Coca-Cola’s commitment to Africa as a long-term growth market.

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‎Commenting on the development, Fola Aiyesimoju, Group Managing Director of UAC, expressed optimism about the acquisition. “We are deeply committed to Africa’s growth. Acquiring Chivita | Hollandia strengthens our position in the dairy and juice segments, and builds on a legacy of excellence and innovation,” he said. Aiyesimoju also extended appreciation to the staff and management of CHI Limited.

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