₦airaland Forum

The Coca-Cola Company Announces Agreement for the Sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC (UAC)

The Coca-Cola Company announces that it has entered into an agreement to sell Chivita|Hollandia (CHI Limited) to UAC of Nigeria Plc. (UAC). Chivita|Hollandia (CHI Limited) is a leading food and beverage player in Nigeria, with a portfolio across value-added dairy products, juices, nectars, still drinks, and snacks. The Hollandia brand is the market leader in evaporated milk and drinking yoghurt, while the Chivita brand is the market leader in fruit juice.

This transaction, which is subject to regulatory approval, further supports The 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 Coca-Cola system recently announced it will invest $1 billion in Nigeria over five years and remains committed to these investments, provided a predictable and enabling environment is in place. This investment underscores the importance of Africa as a long-term growth opportunity for the Coca-Cola system.

UAC is a holding company focused on domestic manufacturing, marketing, and distribution of leading consumer brands in Africa. The company operates nine manufacturing facilities and several logistics and distribution hubs across Nigeria, with 5,000 employees.

Fola Aiyesimoju , Group Managing Director of UAC, said: “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. 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 Chivita|Hollandia (CHI Limited), said the business has made significant progress over the past few years, with the Chivita and Hollandia brands becoming 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 a Gold-rated Great Place to Work,” Weber said.

The management team, including Weber, are confident in the company’s growth prospects. “We see a bright future for Chivita|Hollandia (CHI Limited),” Weber said. “With the strength of our team, coupled with the dedication of UAC, there will be exciting opportunities for further growth.”
Shehu stated these in Abuja while fielding questions from journalists after a press conference to announce the public presentation of his 260-page book on July 9 titled, “According to The President: Lessons from a Presidential Spokesperson’s Experience.

Citi served as exclusive financial advisor to The Coca-Cola Company, with McDermott Will & Emery acting as legal advisor. Fasken Martineau LLP and Templars Law served as legal advisors to UAC.

https://www.uacnplc.com/uac-of-nigeria-plc-announces-agreement-to-acquire-chivitahollandia-chi-limited-from-the-coca-cola-company/

The complaint about this product has gotten to the heavens. Quality gone, only name remains.

Sunshine34:
Coca cola nearly destroyed this brand, it is no more the original it used to be,
It's better to sell the company, than to make it go extinct. Thank you UAC Nigeria for saving this brand from Coca cola


https://www.linkedin.com/posts/eelco-weber-2a05353_activity-7356269774038851584-rX04?utm_source=share&utm_medium=member_android&rcm=ACoAAEJOVK8Bc3YSZuYq_xULHFxOg6EiAWdEmuY




https://www.linkedin.com/company/chilimited/

UAC is not better than Coca-Cola o! They couldn't make anything out of Mr. Biggs and Gala sausage roll is living on past glory. UAC will Bury Hollandia finally. Chai! 🙆‍♂️

Atleast our Chiwater will not be watering again

Does this company actively exist?
If yes, congratulations to UNITED AFRICAN COMPANY (UAC)

Coca Cola knows what they are doing.
Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Does this company actively exist?
If yes, congratulations to UNITED AFRICAN COMPANY (UAC).
BUT TGI ALSO LEFT THEM

Watch the quality plummet instantaneously 🤦‍♂️

Hggg

HeatSeeker:


UAC is not better than Coca-Cola o! They couldn't make anything out of Mr. Biggs and Gala sausage roll is living on past glory. UAC will Bury Hollandia finally. Chai! 🙆‍♂️

I can see them rebranding Gala through Chivita and Hollandia through promos.

I can't say much for the Mr. Biggs brand though.

The chi different from my own Chi









Long overdue
Please let there be quality for our money

Coca-Cola devalues any product they acquired.

Limca ×
Schweppes ×
Five-Alive ×
Chivita ×
Eva water ×

Chi Limited has been sold over and over again. What is going on?

Lol…from fire to frypan…I wish them all the best…ab

Sunshine34:
The Coca-Cola Company Announces Agreement for the Sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC (UAC)
https://www.uacnplc.com/uac-of-nigeria-plc-announces-agreement-to-acquire-chivitahollandia-chi-limited-from-the-coca-cola-company/

Coca-Cola has a history of devaluing products, just as it did after acquiring Limca, Gold Spot, and Dr Pepper from their parent company. The same pattern is now playing out with the Chivita brand.

OK

There are other good drinks out there.



Princess Faith Chukwuamaka

Coca-cola should sell Chivita|Hollandia to Pepsi/7Up.

Abdelux223:
Atleast our Chiwater will not be watering again

Lol. I swear, it's a pity what CHI has become, hoping for change

Most of my above comment are just intact, UAC is no different, but let's see what miracle they will be performing.

Is coca cola looking to exit Nigeria?
The chi and hollandia brands are market leaders which makes it surprising that they are being sold
Coca-Cola has been downsizing and scaling down operations for some time but this is the loudest move yet

UAC Nigeria.
United African Company... since way way back

Hmmmmm UAC food...
I pray they maintain the standards...

COMRADES, honestly, I don't know why the original owners failed manage the giant company. But can UAC manange Chi when they could not manage Mr Biggs?

Depriest2020:
Coca-Cola devalues any product they acquired.

Limca ×
Swepes ×
Five-Alive ×
Chivita ×
Eva water ×

Schweppes not swepes.
22 more characters needed

Devilish Coca cola. Na their way.

They will buy a product that is heavily competing with them, then they deliberately kill the product and resell it to who it will naturally die with.

Crazy marketing strategy.

Depriest2020:
Coca-Cola devalues any product they acquired.
Limca ×
Swepes ×
Five-Alive ×
Chivita ×
Eva water ×

Correct, they kill it and give to others to bury.
UAC have been making strategic bad acquisition.

As e don enter 9ja hand now, those products no go get value again

Nutri Yoghurt is now thicker than hollandia Youghurt.

Hollandia Youghurt is now so watery you can use it to mix whiskey or any hot drink.

Mr Biggs had the best friend rice ever in this country.


Fried rice died after the death of Mr Biggs.




A close one was tantalizers.