The Vita Coco Company, Inc. and Century Pacific Food, Inc. Enter into New Long-Term Agreement
March 11, 2024 at 12:40 am EDT
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Century Pacific Food, Inc. entered into a new long-term contract with The Vita Coco Company, Inc. The agreement covers additional volume requirements by Vita Coco, which will entail new capacity requiring a CAPEX investment of approximately USD 40 million. This is expected to create at least 1,500 quality manufacturing jobs. The previous agreement signed in 2020 continues to be in force and is up for renewal discussions in 2025.
The new contract is incremental to the existing agreement. Under the new contract, Vita Coco will require approximately 90 million liters of coconut water over the next five years.
Century Pacific Food, Inc. is a Philippines-based branded food and beverage company. The Company is primarily engaged in the manufacturing, marketing, and distribution of processed marine, meat, milk, coconut, plant-based, and pet products. It operates through seven business segments: Canned and Processed Fish, Canned and Frozen Meat, Milk, Tuna Export, Coco Water, Packaging, and Corporate. Its products and services include tuna, sardines, other seafood-based products, corned beef, meatloaf, other meat-based products, canned milk, powdered milk, other dairy products, private label canned, pouched and frozen tuna, other tuna products, coconut beverages, coconut oil, coconut shells, other coconut products, packaging products, and shared services warehousing. Its brands include Century Tuna, 555, Ligo, Argentina, and Birch Tree, as well as emerging and challenger names such as Blue Bay, Fresca, Swift, Angel, Kaffe de Oro, Coco Mama, Home Pride unMEAT, Choco Hero and Goodest, among others.
CENTURY PACIFIC FOOD, INC. 
