Acquires fully integrated facility in Mindanao from Roxas Sigma via subsidiary Coco Harvest
Century Pacific Food, Inc. (PSE:CNPF), a leading food company in the Philippines, announced plans to further expand its coconut processing capacity with the acquisition of a fully integrated facility in Mindanao from Roxas Sigma Agriventures, Inc. The transaction was executed through its wholly-owned subsidiary Coco Harvest, Inc. (CHI), marking CNPF’s third coconut processing facility and further strengthening its position in the Philippine coconut industry.
Across the globe, the demand for coconut products is on the rise, underpinned by long-term shifts toward healthier consumption and wellness-oriented lifestyles. As one of the world’s top coconut producers, the Philippines enjoys a competitive edge, with Century Pacific among its emerging players playing in both export and domestic markets.
Approximately USD 45 million will be invested to acquire and upgrade the facility, located in Tupi, South Cotabato. The plant currently produces high-value coconut products such as coconut cream, coconut milk, virgin coconut oil, and coconut water concentrate. Planned enhancements will further expand its capabilities to serve both domestic and export markets, adding new product lines and improving overall efficiency. The investment will be funded via the company’s internally-generated cash flows.
With this acquisition, CNPF’s coconut operations will support around 800 quality manufacturing jobs in Mindanao, creating a positive ripple effect on livelihoods and economic activity in the region.
Noel Tempongko, Jr., Vice President and General Manager of CNPF’s OEM Coconut Exports, shares, “This acquisition is a milestone for our coconut business and a testament to our commitment to inclusive growth. By expanding our capacity in coconuts, we not only enhance our competitiveness in the global coconut industry but also create meaningful economic opportunities for local communities in Mindanao. The additional capacity will allow us to innovate and serve the market with more high-quality, better-for-you coconut products, supporting our mission to deliver affordable nutrition to our consumers.”
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CNPF first entered the coconut category in 2012 as a manufacturer of coconut water for OEM exports. Since then, the Company has expanded its manufacturing capabilities to include a wider range of coconut product formats and serving key partners across Southeast Asia, including Linaco Manufacturing. In 2019, CNPF launched a branded coconut line for the domestic market, strengthening its local presence.
More recently, the company announced the renewal of its long-term contract with The Vita Coco Company, Inc., a global leader in coconut water. The deal was valued at approximately Php 14 billion spanning five years beginning January 2026.
To date, CNPF operates three coconut processing hubs in the Philippines: its first in General Santos, the facility in Misamis Occidental, which was acquired in 2024, and the newly purchased plant in South Cotabato.
