The origin of Metro Alliance goes back to 1929, when the Marsman family established Marsman & Company, Inc. (Marsman) as a management and trading company. By 1940, the Company had diversified into pharmaceutical and food products, with the acquisition of the Insular Drug Company and the Pacific Commercial Company. After World War II, Marsman was listed in the Manila Stock Exchange.
Marsman & Co., Inc. was one of the country’s biggest distribution channels for pharmaceutical and food products; when its majority ownership was acquired by The Zuellig Group in 1987.
Eventually, Zuellig divested some redundant Marsman companies which were acquired by the Wellex Group. This initiated a new direction for the company. With Wellex at the helm, and under a new banner as Metro Alliance Holdings & Equities Corp., (MAHEC) it ventured into the petrochemical industry; where Wellex possessed extensive manufacturing and marketing experience.
Consistent with this new direction, Metro Alliance was a lead participant in a consortium that included Polymax Worldwide Limited (Polymax); for the acquisition of secured debt paper of Bataan Polyethylene Corportion (BPC) from the International Finance Corporation (IFC). BPC was a petrochemical company whose main line of business was the manufacture of polyethylene.
NPC Alliance Corporation (NPC Alliance) was then organized in October 2005, to allow the entry of a foreign investor into the project. Subsequently, it took over the plant facilities of BPC. NPC Alliance is now operational, and will be the vehicle for a joint venture with a foreign partner.
Volunteers from Jesus Our Life Ministries, Inc. (JOLM, Mr. Ricky L. Ricardo (Center) (Metro alliance VP for External Affairs) and employees posed for photo opportunity during the Gift Giving event held last January 31, 2015.
(Visit the Corporate Social Responsibility section for more photos)