The company running the Coca-Cola beverage brand in the Philippines has changed its official to reflect its partnership with the Aboitiz family.
The company, previously known as Coca-Cola Beverages Philippines, Inc. (CCBPI), will now operate as Coca-Cola Europacific Aboitiz Philippines, Inc. (CCEAP).
Following the announcement in February last year on the completed acquisition of CCEAP by Coca-Cola Europacific Partners Plc (CCEP) and Aboitiz Equity Ventures, Inc. (AEV), the company has obtained approval from the Securities and Exchange Commission for the change of its company name.
“Our new name signifies an exciting new phase in our journey as we reaffirm our commitment to serving our customers, supporting our people and communities, and driving long-term growth for the country,” said Gareth McGeown, President and CEO of CCEAP.
“In the 113 years that Coca-Cola has called the Philippines home, we look forward to a hundred more years of refreshing our consumers and making a difference through our Great People, Great Beverages, Great Execution, and Great Partners — Done Sustainably,” he added.
