Century Pacific Acquires Another Coconut Facility

Agribusiness conglomerate and food exporter Century Pacific Food Incorporated (Century Pacific) said on Thursday, October 16 that it bought another integrated coconut processing facility in Mindanao, this time in Tupi, South Cotabato, from legacy firm Roxas and Company for P2.6 billion. Century Pacific said the acquisition was via its wholly owned subsidiary Coco Harvest Incorporated, which bought it from Roxas and Company subsidiary Roxas Sigma Agriventures Incorporated.

“Across the globe, the demand for coconut products is on the rise, underpinned by long-term shifts toward healthier consumption and wellness-oriented lifestyles. As one of the world’s top coconut producers, the Philippines enjoys a competitive edge, with Century Pacific among its emerging players playing in both export and domestic markets,” Century Pacific said in a disclosure to the Philippine Stock Exchange.

The newly acquired plant started operations in 2018 and produces high-value coconut products such as coconut cream, coconut milk, virgin coconut oil, and coconut water concentrate. Planned enhancements will further expand its capabilities to serve both domestic and export markets, adding new product lines and improving overall efficiency, according to Century Pacific. With the new acquisition, the company now has three coconut processing facilities in Mindanao.  The first two facilities are in General Santos City and in Misamis Occidental.