Coca-Cola Company completes acquisition of Chi in NigeriaStaff Writer | January 31, 2019
The Coca-Cola Company announced that it has completed its acquisition of Chi Ltd. in Nigeria.
Africa Coca-Cola acquired a 40 percent stake in Chi in 2016
Chi is recognized in West Africa as an innovative, fast-growing leader in expanding beverage categories, including juices, value-added dairy and iced tea. The company, founded in Lagos, Nigeria, in 1980, produces juice under the Chivita brand and value-added dairy under the Hollandia brand, among many other products.
Coca-Cola acquired a 40 percent stake in Chi in 2016 from Tropical General Investments Group, the holding company for Chi Ltd. Juices and value-added dairy categories rank among the fastest-growing beverage segments in Nigeria and Africa. ■