Century Pacific Food has struck a deal to buy a coconut-processing plant from Roxas Sigma Agriventures.
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.
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Located in Tupi, South Cotabato, Mindanao, the site is the company’s third coconut facility in the Philippines.
The new plant produces coconut cream, coconut milk and virgin coconut oil, along with coconut water concentrate.
Century Pacific said the planned improvements will “further expand” its capabilities to cater to both domestic and export markets by “adding new product lines and improving overall efficiency”.
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.
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By GlobalDataCentury Pacific expects its coconut operations to support about 800 manufacturing roles in Mindanao.
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.
In 2019, it launched a domestic branded coconut line, which now includes coconut water, oil and shredded coconuts.
Noel Tempongko, Jr., vice president and general manager of Century Pacific Food’s OEM coconut exports, said: “By 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.
“The 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.”
In June, the company renewed a long-term supply agreement with The Vita Coco Company.
The contract, valued at approximately 14bn pesos ($240.7m), runs for five years starting January 2026.
Separately, in August, the company acquired the assets from Atlantic Natural Foods via its Century Pacific North America unit for “less than” $10m.
According to a stock exchange filing at the time, the group said “the asset purchase enables it to ‘further scale its growing presence in shelf-stable, plant-based nutrition’.”
The deal covered the Loma Linda ready meals and Tuno alt-tuna brands, along with the Neat egg alternative and Kaffree Roma drinks, plus “formulations, select manufacturing assets, licences, and remaining inventory”.
