Universal Robina Corp said Tuesday it would sell the license to manufacture, sell and distribute Hunt's branded products to Century Pacific Food Inc, reports ABS-CBN News.
"Hunt's is a welcome addition with its local dominance in pork and beans, it's emerging presence in condiments and its potential to be another source of growth for us," Century Pacific President Christopher Po said.
Century Pacific manufactures Century and 555 Tuna brands and Argentina corned beef among others.
Century Pacific's shares went up 0.97 percent to PHP 16.66
