“Why FrieslandCampina WAMCO Acquired Nutricima’s Dairy Business” – Langat
FrieslandCampina WAMCO Nigeria’s Managing Director, Ben Langat, said the company acquired Nutricima’s Dairy to boost capacity and match growing demand for locally produced evaporated and powdered milk by Nigerian consumers.
Langat said the completed acquisition by FrieslandCampina WAMCO in Nigeria dates back to March when FrieslandCampina and PZ Cussons signed an agreement regarding the acquisition which effectively means Nutricima’s dairy business will be integrated into FrieslandCampina WAMCO Nigeria PLC.
The company boss explained that Nutricima Limited (the “Company”) was founded in Nigeria in 2005 and has earned itself consumer awareness within the dairy industry since then.
He added that FrieslandCampina WAMCO has acquired Nutricima’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.
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.”
Langat, further said “It is the company’s 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.
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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.
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FrieslandCampina WAMCO will continue to expand its portfolio, particularly through low unit price packs and by strengthening its distribution reach in the market.
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Having fulfilled all requirements including requisite shareholders and regulatory approvals, FrieslandCampina WAMCO has commenced operations at the newly acquired plant.
