FrieslandCampina to Acquire PZ Cussons’ Nutricima Dairy Business

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Top 10 Most Expensive Universities In Nigeria

For many Nigerians, high-quality higher education is a luxury. There are many private universities who are known not only...

List of Mobile Phone USSD Codes for Money Transfers for All Banks in Nigeria

As technology evolves, the financial sector is not left behind, Several softwares have been developed to make banking easier...
FrieslandCampina to Acquire PZ Cussons’ Nutricima Dairy BusinessFrieslandCampina to Acquire PZ Cussons’ Nutricima Dairy Business

UK consumer goods giant PZ Cussons has announced the proposed sale of its Nigerian dairy business Nutricima to an affiliate of Dutch dairy firm FrieslandCampina.

PZ Cussons said in a statement to the London Stock Exchange, on which it is listed, that it has exchanged contracts for the sale of the assets associated with Nutricima’s business to FrieslandCampina WAMCO Nigeria.

Under Nigerian law, completion of the transaction is subject to merger clearance in the country.

Financial details relating to the transaction have not been disclosed.

PZ Cussons has also completed the sale of its Polish personal care brand, Luksja, to Athens-based personal care company, Sarantis Group.

Read:  PZ Cussions appoints new Group Company Secretary
- Advertisement -

Caroline Silver, executive chair of PZ Cussons, said: “The proposed sale of Nutricima and the sale of Luksja are further steps forward under our ‘focus, scale and accelerate’ strategy as we continue to streamline the group to focus investment on core personal care and beauty brands. This will enable us to deliver higher-margin earnings geographies which can scale, and support the return of the group to sustainable, profitable growth.”

In October, just-food reported that PZ Cussons was mulling options for a number of its dairy businesses including Nutricima.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Coronavirus And Nigeria: What Are The Policy Rollouts So Far?

In a bid to mitigate the spread and the negative economic effect of the COVID-19 outbreak, several policy initiatives...

Poly Introduces Powerful New Partner Program

Poly Brings the Award-Winning Polycom and Plantronics Partner Programs Together for Innovative Program Built on Best Practices  SINGAPORE - Media OutReach - April 8, 2020 - Plantronics, Inc....

New Quarter-Turn Fastener from Southco Designed for Use in Tight Spaces

HONG KONG, CHINA - Media OutReach - 8 April 2020 - Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such...

The Club Token: Global Luxury Club Membership Launches

Revel in the high life across resorts in 6 countries Work like the rich -- let your money work for you while you truly live...
- Advertisement -
BrandsPur Weekly Cartoons
%d bloggers like this: