Fruitas Holdings Inc., the company in the Philippines behind brands like Buko Loco, Juice Avenue, and The Mango Farm raised over Php 1 billion in last year’s stock market debut.  The F&B kiosk operator is now valued at Php 2.58 billion.

Fruitas will apportion Php 145 million for its new headquarters and another Php 20 million for the purchase of a water commissary.  The business move aims to secure ownership of vital assets for the future operations of the group.

The group also entered the grilled chicken and soy products business last March, introduced its new store concept Babot’s Farm, and one of its recent acquisitions Heat Stroke Grill.

This 18-year old company has opened over 1,068 stores in the Philippines with over 20 brands under its name.