Macay Holdings Inc. is globalising its soft drinks business with a US$47 million deal to fully acquire RC Global Beverages Inc (RCGBI), the British Virgin Islands-based company that owns multinational rights to produce and license RC Cola soft drink products outside the US.
Macay agreed to buy RCGBI from Mazy’s Capital Inc., its majority shareholder. The acquisition signifies Macay intention to expand its portfolio and pursue growth opportunities in both local and international markets.
RCGBI, which has unaudited assets valued at US$56 million, has the capacity to grant bottling and distribution licenses to companies in Asia, Europe, Africa, Middle East and in North and South America. It has 9 brands under its portfolio. RCGBI currently has partnerships with 32 bottlers across 49 countries, including the Philippines.
According to an analyst, “The transaction is likely long-term value accretive to Macay given synergies it stands to realise, such as access to RCGBI’s value chain network.
