Axelum, Vita Coco extend partnership

By Brix Lelis

Apr 19, 2024 12:13 am

COCONUT product exporter Axelum Resources Corp. is continuing its long-standing relationship with Nasdaq-listed The Vita Coco Co. Inc. (Vita Coco) with the signing a new multiyear deal estimated to be worth P20 billion.

Axelum will continue to supply coconut water to Vita Coco in the next 10 years, with a five-year extension option, Axelum Chairman and Chief Executive Officer Romeo Chan told reporters during the signing ceremony.

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