100%! Beverage Maker Chi Limited Now Belongs To Coca-Cola
In January 2016, soda giant Cola-Cola acquired 40% stake in beverage maker Chi Limited.
In September 2018, Coca Cola announced it will acquire the remaining 60% stake by the first quarter of 2019.
It has now completed the acquisition, announcing on Wednesday that it has extended its minority investment in the company to full ownership.
“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.”
Chi Limited was founded in Lagos in 1980. It produces juice under the Chivita brand, Caprisonne and value-added dairy under the Hollandia brand.
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