Tuesday, September
29, 2020 / 01:24 PM /by  Chikodi Okereocha of The Nation
Newspaper/ Header Picture Credit score: The Guardian

 

Dairy large FrieslandCampina WAMCO has acquired the
dairy enterprise of Nutricima, makers of Olympic, Coast and Nunu, a variety of
powdered, evaporated and able to drink milk merchandise.

 

The acquisition implies that Nutricima’s dairy enterprise
has been built-in into FrieslandCampina WAMCO Nigeria Plc.

 

Nutricima Restricted was based in Nigeria in 2005 and
has, since then, earned itself shopper consciousness inside the dairy business.

 

However, on Tuesday, FrieslandCampina WAMCO introduced the
acquisition of Nutricima’s manufacturing facility in Ikorodu, Lagos.

 

The acquisition included Nutricima’s manufacturers specifically,
Olympic, Coast and Nunu- a variety of powdered, evaporated and able to drink
milk merchandise.

 

These manufacturers have presence throughout the Nigerian
dairy market.

 

The acquisition underlined FrieslandCampina WAMCO’s
continued dedication to contribute to the event of the Nigerian dairy
sector.

 

It additionally glad the necessity for extra manufacturing
capability for FrieslandCampina WAMCO to fulfill the rising demand for regionally
produced evaporated and powdered milk by Nigerian shoppers.

 

President of FrieslandCampina Client Dairy, Roel van
Neerbos, mentioned: “FrieslandCampina WAMCO has been a key participant in Nigeria since
1954. With this acquisition, we show our robust dedication to Nigeria
and its dairy market”.

 

Managing Director of FrieslandCampina WAMCO Nigeria,
Mr. Ben Langat, mentioned: “It’s our mission to deliver inexpensive and attainable
high quality dairy merchandise to all Nigerians and meet the rising demand. That is why
we’re happy with this acquisition”.

 

Over the previous few years, FrieslandCampina WAMCO has
invested considerably in capital expenditure, together with a brand new warehouse and a
world-class Studying Academy to construct capabilities throughout features and to
drive expertise improvement.

 

Not too long ago, the corporate commissioned a state-of-the-art
plant for native manufacturing of Peak Yoghurt, which is immediately linked to its
extremely profitable Dairy Improvement Programme (DDP).

 

The DDP is a significant funding that has been on the
middle of Nigeria’s backward integration in native milk sourcing over the past
decade, with over 9,000 native farmers unfold throughout 5 states in Nigeria.

 

Langat assured that FrieslandCampina WAMCO will
proceed to increase its portfolio, notably via low unit value packs and
by strengthening its distribution attain available in the market.

 

He mentioned having fulfilled all necessities together with
requisite shareholders and regulatory approvals, FrieslandCampina WAMCO has
commenced operations on the newly acquired plant.

 

Credit score: 

The submit Friesland
Campina WAMCO Acquires Nutricima’s Dairy Business
first appeared in The Nation
Newspaper on September 29, 2020.

 

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Associated to WAMCO

  1. FrieslandCampina WAMCO Nigeria Plc – Security Performance as at Q3,
    2016
  2. FrieslandCampina WAMCO Signs MoU with Federal Government
  3. FrieslandCampina WAMCO Nigeria Plc Offers 21,014 Ordinary Shares at
    N350 per share
  4. PZ Announces The Acquisition of Nutricima Assets
  5. NASD OTC records largest single transaction – ₦ 40 Billion
    WAMCO
  6. WAMCO posts N62.2bn turnover, changes name

 

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