Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, is acquiring a controlling stake in dairy firm Carmen’s Best Group of the Magsaysay family for P198 million.
Metro Pacific Investments Corporation , the country’s leading infrastructure investments company, is acquiring a controlling stake in dairy firm Carmen’s Best Group of the Magsaysay family for P198 million.
Under the partnership, the Carmen’s Best Group will integrate its assets and operations into The Laguna Creamery, Inc. , with MPIC owning a 51 percent equity interest in TLCI and the Carmen’s Best Group retaining a 49 percent equity interest.The Carmen’s Best Group is behind the home-grown premium ice cream brand, Carmen’s Best Ice Cream, and the country’s only locally pasteurized and homogenized fresh milk, Holly’s Milk.
MPIC and Carmen’s Best Group envision transforming TLCI into a fully integrated dairy business, serving local demand and eventually competing globally.
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