On October 3, 2025, Coca-Cola announced that Nigeria’s consumer protection agency approved the sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC. The transaction is now complete.
Sale Details
The agreement, revealed on July 30, hands over CHI Limited, a top Nigerian maker of juices, dairy, and snacks, including Chivita and Hollandia brands. The deal’s financial details are not public.
Leaders Speak
“We’re excited about the approval and a smooth transition,” said Eelco Weber, Chivita|Hollandia’s Managing Director. “UAC will take these brands to new heights.”
Fola Aiyesimoju, UAC’s Group Managing Director, said, “We’re thrilled to add Chivita|Hollandia to our family. We’ll build on its strong legacy.”
Company Profiles
Coca-Cola bought 40% of CHI Limited in 2016, gaining full control by 2019. Since 1980, CHI has made high-quality, ISO 22000-certified products, leading innovation in Nigeria.
UAC, a major African firm, runs nine factories and several distribution centers in Nigeria. With 5,000 employees, it focuses on consumer goods.
Strategic Growth
“This deal strengthens our African presence,” Aiyesimoju noted. “Chivita|Hollandia’s leadership in dairy and juice aligns with our growth goals.”
Market Boost
Chivita|Hollandia’s wide range of juices, nectars, dairy, and snacks holds a strong market share. Under UAC, it’s set to grow in Nigeria’s vibrant food sector.
Why It Matters
This sale highlights Nigeria’s active business scene. Big players like Coca-Cola and UAC are reshaping the consumer goods market with bold moves.
What’s Ahead
In October 2025, UAC will blend Chivita|Hollandia into its operations, aiming to boost innovation and strengthen its hold on Nigeria’s food and drink industry.
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