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Century Pacific Food, Inc. , one of the leading food and beverage companies in the Philippines owned by the Po family, is expanding its coconut business with the acquisition of the 100-percent stake in Coco Harvest Inc.
CNPF said in a disclosure to the stock exchange Thursday it would spend roughly $40 million to acquire Coco Harvest and expand its facility. Po said CNPF planned to further grow its coconut business moving forward as it sees continued growth in demand.
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