Bolt-on acquisition: Po bros seal purchase of ‘Ligo’ brand for less than P1.7B cash

The country’s biggest canned food maker, Century Pacific Food (CNPF), has finalized its takeover of the ‘Ligo’ sardines brand from the Tung family. CNPF, led by the sons of the late ultra bilyonaryo Ricardo Po, has acquired trademarks and other intellectual property of ‘Ligo’, including formulation and know-how, on 29 April 2022 or four months […]