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.
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.
More details in the links below.