Macay Holdings Inc., one of the Philippines’ top soft drink makers, has finally completed its Pesos 2.5 billion (US$46 billion) takeover of RC Cola, giving the former distribution and bottling rights in over 100 countries.
Macay sells RC Cola in the Philippines and the acquisition will strengthen its food and beverage portfolio while diversifying its business in overseas markets.
RC Global Beverages holds the global licensing rights to RC Cola, a soda brand founded in the US in 1905. It has access to over 100 global markets, excluding the US, Mexico and Canada.
It also develops flavors and provides concentrates for customers in different countries.
The company statement said, “In addition to providing geographic and political/country risk diversification to Macay, this acquisition will enhance synergies between Macay, Philippine bottler of RC Cola, and RC Global Beverages, as trademark owner and supplier of concentrates.”