Skip to main content

FrieslandCampina WAMCO completes purchase of Nutricima’s dairy business, positions its business in Nigeria for growth

FrieslandCampina
Mr Roel van Neerbos, President of FrieslandCampina Consumer Dairy

FrieslandCampina WAMCO has completed the purchase of Nutricima’s dairy business in Nigeria. In March FrieslandCampina and PZ Cussons signed an agreement regarding the acquisition. Nutricima’s dairy business will be integrated into FrieslandCampina WAMCO Nigeria PLC.

Nutricima Limited (the “Company”) was founded in Nigeria in 2005 and has earned itself consumer awareness within the dairy industry since then. FrieslandCampina WAMCO has acquired the Company’s production facility in Ikorodu, Lagos State and the brands Olympic, Coast and Nunu, a range of powdered, evaporated and ready to drink milk products. These brands have a good presence across the Nigerian dairy market.

Mr Ben Langat- Managing Director FrieslandCampina WAMCO Nigeria PLC

This acquisition underlines FrieslandCampina WAMCO’s continued commitment to contribute to the development of the Nigerian dairy sector. The acquisition satisfies the need for additional production capacity for FrieslandCampina WAMCO to meet the growing demand for locally produced evaporated and powdered milk by Nigerian consumers.

According to Roel van Neerbos, President of FrieslandCampina Consumer Dairy, “FrieslandCampina WAMCO has been a key player in Nigeria since 1954. With this acquisition, we demonstrate our strong commitment to Nigeria and its dairy market.”

Ben Langat, Managing Director of FrieslandCampina WAMCO Nigeria said “It is our mission to bring affordable and attainable quality dairy products to all Nigerians and meet the growing demand. That’s why we are pleased with this acquisition.”

Over the last few years, FrieslandCampina WAMCO has invested significantly in capital expenditure, including a new warehouse and a world-class Learning Academy to build capabilities across functions and to drive talent development. Recently, the company commissioned a state of the art plant for local production of Peak Yoghurt, which is directly linked to its highly successful dairy development programme; a major investment that has been at the center of Nigeria’s backward integration in local milk sourcing over the last decade with over 9000 local farmers spread across 5 States in Nigeria.

FrieslandCampina WAMCO will continue to expand its portfolio, particularly through low unit price packs and by strengthening its distribution reach in the market.

Having fulfilled all requirements including requisite shareholders and regulatory approvals, FrieslandCampina WAMCO has commenced operations at the newly acquired plant.

FrieslandCampina
Over 950 women invovled in FrieslandCampina WAMCO Dairy Development Programme
FrieslandCampina WAMCO fresh milk truck
Owner of Genius Farm, Oyo State with his F1 Cross breeds
Raw milk transported from dairy farm to FrieslandCampina milk collection center

The post FrieslandCampina WAMCO completes purchase of Nutricima’s dairy business, positions its business in Nigeria for growth appeared first on Vanguard News.


by sunday via Vanguard News https://ift.tt/3n4YQmH Best Known Member of the Cabinet Wikipedia
Labels:

Comments

Post a Comment

Popular posts from this blog

UPDATED: Nigeria’s coronavirus cases reach 1,728, fatalities 51

  By David Royal The Nigeria Centre for Disease Control (NCDC) says 196 new cases of coronavirus (COVID-19) have been reported in the last 24 hours, bringing the total number of confirmed cases to 1,728. NCDC also announced that seven more fatalities were recorded, bringing the total number of deaths to 51. The NCDC, in a tweet at about 11:55 p.m. on Wednesday, said the 196 new cases reported were; 87-Lagos, 24-Kano, 18-Gombe, 17-Kaduna, 16-FCT, 10-Katsina, 8-Sokoto, 7-Edo, 6-Borno, 1-Yobe, 1-Ebonyi, 1-Adamawa. The virus has spread to 34 states and the Federal Capital Territory, Abuja. Yobe, according to NCDC report, is the most recent state to record COVID-19 case in the country. According to the agency, Nigeria now has 1,370 active cases recorded as of 11:55 p.m. on April 29, while 307 infected persons have been treated and discharged, with 51 deaths recorded. READ ALSO: US says remdesivir shows ‘clear-cut’ effect in treating coronavirus “On the 29th of April 2020, 196 ...
Post a Comment
Read more

Mayhem: How we secured Surulere from hoodlums — Lagos youth leader

#EndSARS protesters A youth leader in Surulere, Lagos, Mr Adedeji Adeoti, has narrated how young people in the area secured the community from attack by hoodlums during the recent EndSARS protest. Adeoti told the News Agency of Nigeria (NAN) in Lagos on Friday that the concerned youths had to safeguard the community because “it’s our heritage. “During the crises, we had to mobilise the youths to come out to protect the streets and its environs from the hoodlums, “We had to come out to safeguard our neighborhood from miscreants because our aged parents and loved ones are all at home and needed protection. “We had to mobilise youths in the neighborhood to chase away the hoodlums and miscreants who hijacked the peaceful protest,” said Adeoti, who’s President, Adelabu Youths Vanguard. READ ALSO: ENDSARS: Ogun Judicial Panel of Investigation receives 20 petitions in 2 weeks He urged the government to give the youth the chance to speak up and make demands for a better life and secu...
Post a Comment
Read more

COVID-19: Kano overtakes FCT with total confirmed cases, records 80 in 24 hours

By David Royal Kano state on Thursday overtook the Federal Capital Territory, Abuja, with total confirmed cases of COVID-19 after recording 80 cases in 24 hours, bringing the total number of confirmed cases in the state to 219, while Abuja has a total of 178. The Nigeria Centre for Disease Control (NCDC), Thursday, announced that 204 new cases of coronavirus (COVID-19) have been reported in the last 24 hours, bringing the total number of confirmed cases in the country to 1932. NCDC also announced that seven more fatalities were recorded, bringing the total number of deaths to 58. The NCDC, in a tweet at about 11:50 p.m. on Thursday, said of the 204 new cases,   80 were recorded in Kano state, 45-Lagos, 12-Gombe, 9-Bauchi, 9-Sokoto, 7-Borno, 7-Edo, 6-Rivers, 6-Ogun, 4-FCT, 4-Akwa Ibom, 4-Bayelsa, 3-Kaduna, 2-Oyo, 2-Delta, 2-Nasarawa, 1-Ondo, 1-Kebbi. Thursday’s 204 new cases are the highest reported in a day since the outbreak of the pandemic in February. READ ALSO: COVID-19:...
Post a Comment
Read more