Philippines – Coca-Cola Beverages Philippines, Inc. has changed its name to Coca-Cola Europacific Aboitiz Philippines (CCEAP) following its acquisition by Coca-Cola Europacific Partners Plc (CCEP) and Aboitiz Equity Venture (AEV).
The name change, approved by the Securities and Exchange Commission, is effective starting January 15, 2025.
The acquisition was completed on February 23, 2024, after CCEP and AEV’s announcement of jointly owning the company in 2023.
CCEAP is the bottling and distribution partner of Coca-Cola in the Philippines, manufacturing brands like Coke, Royal, and Sprite. Meanwhile, AEV is a holding company with investments in various sectors, in cluding food manufacturing.
“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. 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,” Gareth McGeown, president and chief executive officer (CEO) of CCEAP, said.
Sabin Aboitiz, president and CEO of Aboitiz Group, commented, “More than anything, this new name represents the strength of our partnership with Coca-Cola Europacific Partners. We share a solid commitment to our customers and communities, and with this new identity, we believe we can make a much more meaningful impact.”
