The Coca-Cola Company has completed the acquisition of Chi Limited, a statement said on Wednesday.

The statement said Coca-Cola extended its minority investment in the company to full ownership.

In 2016, the company acquired a 40% minority stake in Chi and expressed interest in increasing ownership within three years.

“Coca-Cola is continuing to evolve as a total beverage company, and Chi’s diverse range of beverages perfectly complements our existing portfolio, enabling us to accelerate expansion into new categories and grow our business in Africa,” said Peter Njonjo, president of the West Africa business unit of Coca-Cola.

“We will support the Chi management team in building on the company’s remarkable heritage and achievements while using the scale of the Coca-Cola system to replicate their success in more markets across Africa.”

Chi Limited was founded in Lagos in 1980. It produces juice under the Chivita brand, Caprisonne and value-added dairy under the Hollandia brand.