BIZ BUZZ: MVP gains appetite for more dairy

It seems that tycoon Manuel V. Pangilinan is eyeing another dairy farm up north to strengthen his group’s presence in the local dairy scene.

The potential location? Somewhere in Luzon. And when asked if this is located in Nueva Ecija province, Pangilinan responded, “Something like that. Spot on.”

Pangilinan has yet to disclose the possible acquisition deal but did say Metro Pacific Agro Ventures (MPAV), a subsidiary of conglomerate Metro Pacific Investments Corp., is looking at carabao milk.

“They’re looking at the situation involving carabaos. Carabao’s milk tastes better, right? It’s creamier so you will die young,” he told reporters.

Beyond that, the tycoon was mum on the details of the planned acquisition, such as the timeline and the value of the deal.

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Currently, MPAV holds a 51-percent stake in The Laguna Creamery Inc., which makes the popular Carmen’s Best ice cream brand and Holly’s Milk. It also partnered with Israel-based LR Group to build a dairy facility in Bay town in Laguna.

While the company is working on sealing the deal, Pangilinan has a friendly reminder for all Filipinos: inom kayo ng gatas ha (drink your milk, okay?).