CNPF renews ₱14-billion coconut water deal with Vita Coco
Po-led Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, has renewed its five-year coconut water supply agreement with The Vita Coco Company, Inc., valued at approximately ₱14 billion.
In a disclosure to the Philippine Stock Exchange, CNPF stated that the extension will commence in January 2026 and is expected to support approximately 4,500 quality manufacturing jobs in General Santos, Mindanao.
The partners have also agreed to continue working together to pursue sustainability goals, as well as standards of health and safety, environmental performance, and ethics.
“We value our long-standing relationship with Vita Coco – a win-win partnership that has grown meaningfully over the past decade,” said CNPF Vice President and General Manager of OEM Coconut business Noel Tempongko, Jr.
He added that, “We are pleased to extend our collaboration and look forward to scaling our collective impact across both our businesses, our consumers, and the communities we serve.”
In 2024, the parties signed a new, incremental long-term agreement covering an additional 90 million liters over a five-year period.
This deal involved further capacity investments by CNPF, leading to the acquisition of Coco Harvest, Inc., and contributing to the creation of over 1,500 manufacturing jobs in Misamis Occidental, Mindanao.
CNPF’s strategic partnership with Vita Coco marked its entry into the coconut category in 2012. Since then, the Group has expanded its product offerings and become one of Vita Coco’s largest suppliers, anchored on consistent product quality and reliable service.
As health and wellness trends accelerated demand, both partners experienced significant growth over the past decade, prompting CNPF to expand its capacity by 50 percent in 2022 to support the increasing volume requirements.
“We are pleased to continue our long-term partnership with Century Pacific. Our organizations share a common mission around quality, sustainability, and community impact—and together, we look forward to driving innovation, fueling growth, and creating lasting positive change,” said Vita Coco Chief Operating Officer Jonathan Burth.