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Century Pacific buys Coco Harvest for $40M

FOOD and beverage firm Century Pacific Food Inc. (CNPF) said Thursday that it was acquiring 100 percent of Misamis Occidental-based coconut processing facility Coco Harvest Inc. for $40 million.

'This deal is an accretive acquisition. More importantly, it marks a significant milestone for the company,' CNPF President and Chief Executive Officer Ted Po said.