Macay Holdings, Inc. () is a company based in the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

engaged in the bottling and distribution of

RC Cola RC Cola (short for Royal Crown Cola) is an American brand of cola invented by Claud A. Hatcher in 1905. Royal Crown Ginger Ale was the first product of the RC Cola line, and it referred to the original ingredient: ginger. More ingredients we ...

and other

soft drink A soft drink (see § Terminology for other names) is a drink that usually contains water (often carbonated), a sweetener, and a natural and/or artificial flavoring. The sweetener may be a sugar, high-fructose corn syrup, fruit juice, a su ...

beverages in the Philippines.

History

Macay Holdings, Inc. (Macay) was incorporated on October 16, 1930, as Maybank ATR Kim Eng Financial Corporation (MAKE), an investment holding company focused primarily on financial services. On September 24, 2013, MAKE shareholder Maybank Kim Eng Holdings, Ltd. entered into a share purchase agreement with Mazy's Capital, Inc. (owned by the group of

Alfredo Yao Alfredo M. Yao (born November 26, 1943) is a Filipino businessman who founded Zest-O,Macay Holdings, Inc. () and Philippine Business Bank (). He served as the Special Envoy to China for Tourism and Cooperation in 2009. After losing his father ...

), wherein the latter purchased equivalent 89.75% of the outstanding shares of MAKE. On December 3, 2013, ARC Refreshments Corporation (ARC) was incorporated as a wholly-owned subsidiary. ARC was established to consolidate the bottling, distribution, marketing and sales of

, Fruit Soda Orange, Juicy Lemon and Arcy's Rootbeer, all of which were held by Asiawide Refreshments Corporation (Asiawide) and Mega Asia Bottling Corporation (Mega Asia) since 2002. Trading on MAKE was suspended by the PSE on January 2, 2014, pending submission of a comprehensive disclosure on the transaction. The PSE said this was covered by the rules on the backdoor listing. ARC acquired all of the bottling machinery and equipment of Mega Asia and the machinery, equipment, bottles and shells, inventory and other assets and certain liabilities of Asiawide. The suspension on the trading of MAKE shares was lifted on January 21, 2014, and trading was resumed the following day. The

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

approved the company's change in corporate name to Macay Holdings, Inc. on January 30, 2014. In 2014, Macay also acquired ARC Holdings, Inc. (AHI), holder of the trademark licenses of RC Cola in the Philippines. The group also obtained the master franchise of RC Cola for the

ASEAN ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, militar ...

region. In August 2020, Macay acquired Artemisplus Express Inc., which operates under the trade name Kitchen City. In a September 6, 2022, disclosure to the PSE, Macay announced it will acquire 100% of RC Global Beverages Inc. which controls the international (non-US) rights to

for US$46 million. The transaction is subject to the finalization of a share purchase agreement and other closing conditions.{{cite web, url=https://mb.com.ph/2022/09/07/alfredo-yaos-macay-to-buy-rc-cola-global-rights-for-46-m/, title=Alfredo Yao's Macay to buy RC Cola global rights for $46 M, first=James, last=Loyola, work=Manila Bulletin, date=September 7, 2022, access-date=September 7, 2022

Brands

* Fruit Soda Orange * Fruit Soda Dalandan * Juicy Lemon * Arcy's Rootbeer * Seetrus * Rite 'n Lite * Extra Joss Maxx Energy Drink

References

External links

Macay Holdings, Inc.ARC Refreshments CorporationRC Cola International
Companies based in Makati Companies listed on the Philippine Stock Exchange Drink companies of the Philippines Food and drink companies established in 2014 Philippine companies established in 2014

History

Brands

See also

References

External links