UAC of Nigeria PLC announced that it has finalized the acquisition of Chivita|Hollandia, following approval from the Federal Competition and Consumer Protection Commission.

The deal, initially disclosed on July 30, 2025, transfers ownership of CHI Limited, a leading Nigerian food and beverage company known for its popular Chivita juice and Hollandia dairy brands to UAC.

The Managing Director of CHI Limited, Eelco Weber, expressed optimism about the company’s prospects under UAC’s stewardship.

“We are pleased to have received regulatory approval for this transaction. We look forward to a smooth transition and to seeing Chivita|Hollandia thrive under UAC’s ownership,” he said.

The Group Managing Director of UAC, Fola Aiyesimoju, highlighted the strategic importance of the acquisition.

“We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family, and we are eager to work together to build on their strong legacy and market leadership,” he stated.

The acquisition is set to bolster UAC’s presence in Nigeria’s fast-moving consumer goods sector, extending its reach into the expanding juice and dairy markets.

On July 30, 2025, UAC announced an agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca-Cola Company.

The transaction marks a strategic milestone for UAC, reinforcing its position in Nigeria’s growing FMCG industry.

CHI Limited is a top-tier Nigerian food and beverage company, boasting a strong portfolio across value-added dairy products, juices, nectars, still drinks, and snacks. Its Hollandia brand leads the evaporated milk and drinking yoghurt segments, while Chivita is a market leader in fruit juices.

UAC stated that the acquisition supports its growth strategy by bringing two leading brands and a robust distribution network into its portfolio.

For The Coca-Cola Company, the deal aligns with its global strategy to pursue a more asset-light model while concentrating on high-scale brands.

The company reaffirmed its commitment to Nigeria, planning a $1 billion investment over five years, dependent on a stable and supportive business environment.

UAC of Nigeria PLC’s announcement of the Chivita|Hollandia acquisition came shortly after the release of its half-year 2025 financial results, which showed strong revenue growth alongside a mixed earnings performance.