CEBU, Philippines -- Philippine-listed investment holding company Macay Holdings Inc. has acquired Artemisplus Express, operator of the canteen concessionaire Kitchen City, for 2 billion pesos ($41 million) in an all-cash deal, according to a disclosure.
Macay is the parent company of ARC Refreshments that is engaged in the bottling, distribution, marketing and sales of RC Cola and other popular carbonated drinks in the Philippines.
