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Macay Holdings acquires RC Cola in Philippines

DBR Staff Writer Published 13 April 2015

Macay Holdings, part of Yao Group of companies, has acquired ARC Holdings Inc, the trademark licenses holder of the RC Cola brand in Philippines, in a bid to further expand its beverage business in the country.

Though the transactions details of the deal were not revealed, the proposal which was made in September of last year indicated a 100% acquisition of ARC.

According to the proposed deal, all the licensing, trademark and related rights presently held by ARC will fully consolidate under Macay.

Board of directors of Macay Holdings have already approved the acquisition of ARC Holdings, said the company in a disclosure, as reported in The Manila Times.

Macay chairman Alfredo Yao was quoted by The Manila Times as saying: "We have an energy drink joint venture with an Indonesian company to manufacture Extra Joss. We just absorbed ARC to strengthen [the beverage business]".

Recently, Yao revealed intentions of entering the US beverage market by buying a fruit juice manufacturing facility in the state of Texas through Zest-O Corp.