SAN FRANCISCO, September 30, (THEWILL) – FrieslandCampina WAMCO Nigeria PLC as acquired Nutricima’s dairy business having bought the company’s production facility in Ikorodu, Lagos State.
With the acquisition, the brands Olympic, Coast and Nunu, a range of powdered, evaporated and ready to drink milk products have been acquired.
FrieslandCampina WAMCO said the acquisition underlines its 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.
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.”
In recent times, FrieslandCampina WAMCO has invested in capital expenditure, including a new warehouse and a learning academy.
Recently, the company commissioned a plant for local production of Peak Yoghurt, which is directly linked to its dairy development program; an investment that has been at the center of Nigeria’s backward integration in local milk sourcing over the last decade with more than 9,000 local farmers spread across five 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.