Global beverage company Coca-Cola Company has acquired Chi Ltd. in Nigeria.
Coca-Cola first announced a minority investment in Chi three years ago and, as planned, has now acquired full ownership of the company.
Chi is recognized in West Africa as an innovative, fast-growing leader in expanding beverage categories, including juices, value-added dairy and iced tea.
The company, founded in Lagos, Nigeria, in 1980, produces juice under the Chivita brand and value-added dairy under the Hollandia brand, among many other products. Coca-Cola acquired a 40 percent stake in Chi in 2016 from Tropical General Investments Group, the holding company for Chi Ltd. Juices and value-added dairy categories rank among the fastest-growing beverage segments in Nigeria and Africa. This acquisition further signals Coca-Cola’s optimism about Africa’s consumer opportunity and a commitment to its long-term investment and growth plan on the continent, where it has been present for more than 90 years.
“Coca-Cola is continuing to evolve as a total beverage company, and Chi’s diverse range of beverages perfectly complements our existing portfolio, enabling us to accelerate expansion into new categories and grow our business in Africa,” said Peter Njonjo, president of the West Africa business unit of Coca-Cola. We will support the Chi management team in building on the company’s remarkable heritage and achievements, while using the scale of the Coca-Cola system to replicate their success in more markets across Africa.”

Vianna:

BREAKING NEWS: Mega Consumer Brand, Chi Limited Acquired By Coca-Cola https://www.scooper.news/detail?newsId=2087700

Lalasticlala Dominique mynd44

tgbaba:
And this is end of all chi products. Cocacola doing what she knows best, buy competitors and render all their brands redundant. same old way. Just pity staff that will be retrenched.

tgbaba:
And this is end of all chi products. Cocacola doing what she knows best, buy competitors and render all their brands redundant. same old way. Just pity staff that will be retrenched.

byinks:
Coca cola is sure to sabotage the entire CHI brand.
Either scarcity, high price or reduction in quality is sure to follow.. rip Chi

Vianna:

BREAKING NEWS: Mega Consumer Brand, Chi Limited Acquired By Coca-Cola https://www.scooper.news/detail?newsId=2087700

egojeny1:
Some of their staff will be acquired too

daddytime:
Wow...what a take over...

I'm on course to building something a multi national would love to buy over or I'd be buying over smaller competitors.

pappybarry:

I doubt you understand the concept of acquisitions such as these. Give you an example that comes to mind... Facebook's acquisition of Whatsapp. Can you say same for this too ?

pappybarry:


I doubt you understand the concept of acquisitions such as these. Give you an example that comes to mind... Facebook's acquisition of Whatsapp. Can you say same for this too ?

Robbin7:
Why na?
I thought Chi was doing well?
As a matter of fact, I don’t like this news one but. I’m a Nigerian and I support everything good about Nigeria. Chi was our pride in their field.

pappybarry:


I doubt you understand the concept of acquisitions such as these. Give you an example that comes to mind... Facebook's acquisition of Whatsapp. Can you say same for this too ?