Metro Pacific Investments Corporation (MPIC) through its wholly owned subsidiary, Metro Pacific Agro Ventures Inc. (MPAV), has acquired 34.76% ownership in Axelum Resources Corporation (ARC) for Php5.32 billion. ARC is the country’s leading fully-integrated manufacturer, exporter and retailer of primarily best-in-class premium coconut products including Vita Coco, the global market leader in coconut water. With its main manufacturing facility located in Medina, Misamis Oriental, ARC is also a major exporter of desiccated coconut, coconut milk/cream, coconut cooking oil, and other coconut products.

photo by Axelum Resources Corporation

Shown below are MPIC Chairman, President, and CEO Manuel V. Pangilinan and Axelum Resources Corp. Chairman and CEO Romeo I. Chan making a handshake during the signing ceremony held last February 6 at the MPIC Boardroom.

photo by MPIC

More details in the links below.

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