- Safiu Kehinde
The Coca-Cola Company has announced the sales of its Chivita|Hollandia (CHI Ltd.) brands to the United African Company of Nigeria (UAC) Plc.
This was made known in a statement issued on Wednesday by Chivita|Hollandia Head of Public Affairs and Communications, Zainab Obagun.
According to the statement made available to newsmen, the transaction, which is subject to regulatory approval, supports Coca-Cola Company’s strategy to operate a flexible and asset-light model and focus on brands that have the greatest potential to scale.
The Group Managing Director of UAC, Mr Fola Aiyesimoju, in reaction to the development, expresssed hi delight with the acquisition of the leading diary and juice manufacturing company.
He said the acquisition presented significant potential to build on Chivita|Hollandia legacy of excellence and innovation.
“As a company with a strong presence in Africa, we are deeply committed to the continent’s growth.”
“We are pleased to announce the acquisition of Chivita|Hollandia (CHI Ltd.), a leading dairy and juice business in the region.
“I would like to thank the management and staff of Chivita|Hollandia (CHI Ltd.) and look forward to working with the team to support the next phase of growth,” Aiyesimoju said.
On his part, the Managing Director of CHI Ltd., Eelco Weber, noted that Chivita and Hollandia brands had become clear leaders in their categories.
“I would like to thank our over 5,000 employees for their hard work and dedication in bringing our business forward and earning us recognition as Gold-rated Great Place to Work.
“We see a bright future for Chivita|Hollandia (CHI Ltd.).
” With the strength of our team, coupled with the dedication of UAC, there will be exciting opportunities for further growth.” Weber said.
Chivita|Hollandia is a leading food and beverage player in Nigeria with portfolios across value-added dairy products, juices, nectars, still drinks and snacks.
The Hollandia brand is a market leader in evaporated milk and drinking yoghurt, while the Chivita brand is a market leader in fruit juice.
The company’s sales to UAC, a holding company focused on domestic manufacturing, marketing and distribution of leading consumer brands in Africa, will see Chivita and Hollandia added to the portfolio of UAC’s teeming brands.