Oct 17, 2025 (MarketLine via COMTEX) --
The Philippines-headquartered food and drinks business said it will invest around $45m for the purchase and upgrades at the site.
Century Pacific Food has struck a deal to buy a coconut-processing plant from Roxas Sigma Agriventures.A
In a statement to the Philippines stock exchange, Century Pacific Food said it will invest around $45m to buy the site and upgrade its new asset.
Located in Tupi, South Cotabato, Mindanao, the site is the companyaEUR(TM)s third coconut facility in the Philippines.AA
The new plant produces coconut cream, coconut milk and virgin coconut oil, along with coconut water concentrate.AA
Century Pacific said the planned improvements will aEURoefurther expandaEUR its capabilities to cater to both domestic and export markets by aEURoeadding new product lines and improving overall efficiencyaEUR.A
The company, which markets Aqua Coco coconut water, added the acquisition aligns with rising global demand for coconut products driven by health and wellness trends.AA
Century Pacific expects its coconut operations to support about 800 manufacturing roles in Mindanao.A
The group entered the coconut segment in 2012 as an OEM exporter of coconut water, and later broadening its range and partnerships across South East Asia, including with Linaco Manufacturing.AA
In 2019, it launched a domestic branded coconut line, which now includes coconut water, oil and shredded coconuts.AA
Noel Tempongko, Jr., vice president and general manager of Century Pacific FoodaEUR(TM)s OEM coconut exports, said: aEURoeBy expanding our capacity in coconuts, we not only enhance our competitiveness in the global coconut industry but also create meaningful economic opportunities for local communities in Mindanao.AA
aEURoeThe additional capacity will allow us to innovate and serve the market with more high-quality, better-for-you coconut products, supporting our mission to deliver affordable nutrition to our consumers.aEURA
In June, the company renewed a long-term supply agreement with The Vita Coco Company.AA
The contract, valued at approximately 14bn pesos ($240.7m), runs for five years starting January 2026.A
Separately, in August, the company acquired the assets from Atlantic Natural Foods via its Century Pacific North America unit for aEURoeless thanaEUR $10m.AA
According to a stock exchange filing at the time, the group said aEURoethe asset purchase enables it to aEUR~further scale its growing presence in shelf-stable, plant-based nutritionaEUR(TM).aEURAA
The deal covered the Loma Linda ready meals and Tuno alt-tuna brands, along with the Neat egg alternative and Kaffree Roma drinks, plus aEURoeformulations, select manufacturing assets, licences, and remaining inventoryaEUR.A
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