UAC of Nigeria PLC (UAC) says it has completed the acquisition of Chivita|Hollandia (CHI Limited).
This followed approval from the Federal Competition and Consumer Protection Commission (FCCPC).
The transaction, first disclosed on July 30, 2025, involved the transfer of ownership of CHI Limited, a leading Nigerian food and beverage company best known for its market-dominant Chivita juice and Hollandia dairy brands, to UAC.
The Managing Director of CHI Limited, Eelco Weber, expressed optimism about the company’s future under UAC’s ownership.
‘We are pleased to have received regulatory approval for this transaction. We look forward to a smooth transition and to seeing Chivita|Hollandia thrive under UAC’s ownership,’ he said.
Group Managing Director of UAC, Fola Aiyesimoju, highlighted the strategic importance of the acquisition.
‘We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family, and we are eager to work together to build on their strong legacy and market leadership,’ he stated.
The acquisition is expected to strengthen UAC’s position in Nigeria’s fast-moving consumer goods (FMCG) sector, expanding its footprint into the growing juice and dairy markets.
UAC of Nigeria PLC (UAC) had announced an agreement to acquire Chivita|Hollandia (CHI Limited) from The Coca-Cola Company.
The deal represents a strategic milestone for UAC, aimed at strengthening its position in Nigeria’s fast-moving consumer goods (FMCG) sector.
CHI Limited is one of Nigeria’s leading food and beverage companies, with strong brand portfolios across value-added dairy products, juices, nectars, still drinks, and snacks.
Its Hollandia brand dominates the evaporated milk and drinking yoghurt categories, while Chivita leads the fruit juice market.