UAC to acquire Chivita|Hollandia from Coca-Cola in strategic expansion move
By Sabiu Abdullahi
UAC of Nigeria Plc has announced a major acquisition deal with The Coca-Cola Company to take ownership of Chivita|Hollandia (CHI Limited), one of Nigeria’s leading food and beverage companies.
In a disclosure submitted to the Nigerian Exchange Limited on Wednesday, UAC confirmed that the agreement has been reached but remains subject to regulatory approval.
CHI Limited, the parent company of popular brands such as Chivita and Hollandia, is known for its range of juices, dairy products, nectars, still drinks, and snacks.
Fola Aiyesimoju, Group Managing Director of UAC, described the acquisition as a significant step for the company’s operations in Africa. “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 Limited), a leading dairy and juice business in the region,” he said.
Aiyesimoju highlighted the potential of the transaction, stating, “This acquisition presents significant potential to build on Chivita|Hollandia’s (CHI Limited’s) legacy of excellence and innovation.
I would like to thank the management and staff of Chivita|Hollandia (CHI Limited) and look forward to working with the team to support the next phase of growth.”
Eelco Weber, Managing Director of CHI Limited, expressed optimism about the company’s trajectory, pointing to recent accomplishments and the strength of its workforce.
“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 a Gold-rated Great Place to Work,” he stated.
He added, “We see a bright future for Chivita|Hollandia. With the strength of our team, coupled with the dedication of UAC, there will be exciting opportunities for further growth.”