The acquisition provides FrieslandCampina WAMCO with additional production capacity to meet the growing demand for locally produced evaporated milk and powder milk. In addition, FrieslandCampina will the dairy business of Nutricima, makers of Olympic, Coast and Nunu to its product range.
Nutricima Limited was founded in Nigeria in 2005 and has, since then, earned itself consumer awareness within the dairy industry.
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 centre of Nigeria’s backward integration in local milk sourcing over the last decade with +9000 local farmers spread across 5 States in Nigeria.
This acquisition underlines FrieslandCampina WAMCO’s continued commitment to contributing to the development of the Nigerian dairy sector.
President of FrieslandCampina Consumer Dairy, Roel van Neerbos, said: “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”.
Managing Director of FrieslandCampina WAMCO Nigeria, Mr. Ben Langat, 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”.
The DDP is a major investment that has been at the centre of Nigeria’s backward integration in local milk sourcing over the last decade, with over 9,000 local farmers spread across five states in Nigeria.
Langat assured that FrieslandCampina WAMCO will continue to expand its portfolio, particularly through low unit price packs and by strengthening its distribution reach in the market.
He said having fulfilled all requirements including requisite shareholders and regulatory approvals, FrieslandCampina WAMCO has commenced operations at the newly acquired plant.
