UAC of Nigeria Acquires Chivita|Hollandia from Coca Cola in Major FMCG Deal
By TrustDeck Newsroom
In a move set to reshape Nigeria’s fast-moving consumer goods (FMCG) landscape, UAC of Nigeria Plc has reached an agreement to acquire Chivita|Hollandia (Chi Limited) from The Coca-Cola Company, returning iconic Nigerian brands to local ownership. Announced on July 30, the transaction is subject to regulatory approval and marks a significant turning point for both companies, reflecting changing strategies in a volatile market.
A Landmark Deal for Local FMCG
Chi Limited, the parent company of beloved brands like Chivita juice, Capri-Sun, and Hollandia yoghurt, has been a leader in Nigeria’s beverage and dairy space for decades. Under this new agreement, the company will transition fully into Nigerian hands via UAC one of Nigeria’s oldest and most diversified conglomerates.
“We are proud to bring these brands home and work with their talented teams to shape the next phase of growth.”
The acquisition is also a strategic milestone for UAC, allowing it to expand its footprint in one of the country’s most competitive sectors.
Coca-Cola Shifts Strategy, But Stays Committed to Nigeria
Coca-Cola’s decision to divest Chi Limited comes as part of a global pivot to a more flexible, asset-light business model. While the company is handing over ownership, it has reaffirmed its commitment to the Nigerian market, announcing a $1 billion investment over the next five years.
“Nigeria remains a critical growth market for us, and we will continue to invest in its future.”
A Journey That Comes Full Circle
Coca-Cola first entered Chi’s orbit in 2016, purchasing a 40% minority stake, and completed full ownership by 2019. The investment aimed to diversify Coca-Cola’s global portfolio into juices, dairy, and still drinks areas where Chi already had deep market penetration. Now, in 2025, that investment cycle has come full circle as a Nigerian firm regains control of some of the country’s best-known consumer products.
Employee Confidence and Continuity
Eelco Weber, Managing Director of Chi Limited, praised the work of the company’s 5,000+ employees and expressed optimism for the future:
“This transition is about continuity, growth, and deeper alignment with Nigerian consumers.”
Weber and the current management team are expected to stay on, ensuring stability through the transition.
What This Means for Consumers
For everyday Nigerians, this move is more than a boardroom shakeup it could mean better local pricing strategies, stronger distribution, and product innovation more in tune with Nigerian tastes.
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