The Aboitiz Group started in the late 1800s as a hemp trading business in Ormoc, Leyte. Today, its investments are in power, banking and financial services, food, land, construction, shipbuilding, and infrastructure. It is recognized as among the best managed companies in the Philippines and in the region, consistently cited for its strong commitment to good corporate governance.
Aboitiz & Company (ACO) was founded by Paulino Aboitiz in the late 1800s as an abaca trading and general merchandise business in Ormoc, Leyte and later ventured into inter-island shipping to transport its goods across the Visayas. It was formally incorporated in 1920 and serves as the private holding company of the Aboitiz family today.
When Don Ramon Aboitiz, Paulino’s second son, took over management of the company, he established a strong foundation of growth and expansion. From a small mercantile operation, ACO has grown and diversified to various companies engaged in distinct services in key industries that are contributing to nation-building.
The journey of ACO from a small family business to being one of the largest and most respected business groups in the Philippines is a testament to its solid foundation built on trust, fairness, integrity, and quality.
With five generations of family and professional management behind its business success, Aboitiz echoes the time-honored philosophy of Don Ramon, the legacy of excellence nurtured and strengthened over the past century.