Coca-Cola Sells Chivita and Hollandia Producer to UAC

The Coca-Cola Company has finalized an agreement to divest its Nigerian subsidiary CHI Limited, the maker of popular brands Chivita and Hollandia, to UAC of Nigeria PLC. This strategic transaction is pending regulatory approval and will see UAC assume control of one of Nigeria’s largest juice and dairy producers.

CHI Limited has built a strong market presence with Chivita leading the fruit juice category and Hollandia dominating sales in the evaporated milk and drinking yoghurt segments. The sale supports Coca-Cola’s global goal of becoming more agile by focusing investments on high-growth brands and shifting toward a leaner asset base.

Despite the divestment, Coca-Cola reaffirmed its commitment to the Nigerian market, noting an ongoing five-year investment plan worth $1 billion—subject to maintaining a stable and supportive business environment.

UAC, which operates nine manufacturing facilities and an extensive distribution network across the country, described the acquisition as a bold opportunity to expand its consumer goods footprint. The group’s Managing Director, Fola Aiyesimoju, said the move would leverage CHI’s legacy of innovation and leadership within Nigeria’s beverage sector.