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Nigerian Company Joins $5.2Bn Pladis

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Pladis Organisation

The Federal Government’s drive to diversify the economy and encourage local production and consumption, has received another boost with A&P Foods, the local manufacturer of McVitie’s and Haansbro products in Nigeria, joining pladis. A&P Foods is a subsidiary of the former United Biscuits, now pladis, a global biscuit and confectionery company which brings together Godiva Chocolatier, United Biscuits, Ulker and DeMet’s Candy Company.

Formed in January 2016, pladis is the new global biscuit and confectionery company owned by Yildiz Holding, the largest food company in Central & Eastern Europe, Middle East & Africa. Named after the ‘Pleiades’ constellation, a group of seven stars visible from anywhere on earth, the new company brings internationally recognized brands Godiva, McVitie’s and Ulker together under one roof to form a $US5.2 billion business.

“Establishing pladis is the first step in realizing the long-term strategy of Yildiz Holding. We are bringing together some of the world’s best loved brands and combining their 350 years of experience to form a new family company. We will be a global leader in biscuits and confectionery, and bring ‘bites of happiness’ to every corner of the world,” comments Yildiz Holding Chairman, Murat Ulker.

Company History

Yildiz Holding started its journey as a family company when Ulker was established in 1944. In 1989, Ulker was brought under the roof of Yildiz Holding and in just over 70 years, the company has evolved from a local Istanbul biscuit maker into a global food group that reaches 4 billion consumers.

In 2014, Yildiz Holding acquired United Biscuits (UB), a major British biscuits business and owner of the McVitie’s brand, becoming one of the world’s largest biscuit manufacturers. With the acquisition of UB, the company also acquired A&P Foods, a UB subsidiary and manufacturer of the McVitie’s and Haansbro biscuits and confectionery in Nigeria.

Strategy

With 36 factories in 13 countries including Nigeria, pladis employs 26,000 people across the world and is led by a senior leadership team: Cem Karakas, CEO, and Ali Ulker, Vice Chairman of Yildiz Holding, focusing on innovation and quality. The company operates on a regional basis, with each region led by a local management team that is responsible for manufacturing and commercial activities of the full pladis brand portfolio.

Ali Jaber, Managing Director of pladis’ Sub Saharan Africa region said, “Being part of pladis brings the opportunity to offer a wider range of brands and products, and further grow the business in the region.” With a firm belief in nurturing growth by building a sustainable flow of raw materials locally, pladis adds value to the lives of thousands of local workers.

The company has developed some long term strategies aimed at helping it achieve its vision of growth in markets where it operates. Commenting on the vision for pladis, CEO, Cem Karakas, states, “We have significant growth ambitions for pladis with the aim to outperform the category standard year-on-year. This is supported by our capital position and the strength of our manufacturing as one of only two companies in the world that produce such a broad range of biscuits and confectionery. As one global family, we can be agile and innovate around our products, developing more brand synergies to benefit our business.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Arla Food To Set Up Dairy Farm In Nigeria, Train 1,000 Dairy Farmers

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Arla Foods- Investors King

Arla Foods, makers of Dano Milk, has announced that it will build a state-of-the-art commercial dairy farm in Northern Nigeria where it plans to train and support up to 1,000 local dairy farmers as part of its long-term commitment to developing the Nigerian dairy sector.

The 200-hectare farm, scheduled to open in 2022, will have housing for 400 dairy cows, modern milking parlours and technology, grasslands and living facilities for 25 employees.

The firm said the farm is expected to produce over 10 tonnes of milk per day to supply locally produced dairy products to Nigerian consumers.

Managing Director, Arla Foods, Peder Pedersen said “there was a great need for nutritious food and dairy products to satisfy the growing demand from Nigeria’s fast-growing population.”

“This requires a complementary approach where imported food is crucial to ensuring food security while also supporting the government’s long-term agricultural transformation plan to build a sustainable dairy sector in Nigeria,” Pedersen said.

In 2019 Arla scaled up its commitment to developing a sustainable dairy sector in Nigeria with a new public-private partnership with the Kaduna State government.

It is the first of its size and offers 1,000 nomadic dairy farmers permanent farmlands. Arla is the commercial partner that will purchase, collect, process and bring the local milk to market.

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The Board of Chemical and Allied Products Plc (CAP Plc) Appoints Vitus Ezinwa as a Non-Executive Director

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Chemical & Allied Products (CAP) Plc - Investors King

The Board of Chemical and Allied Products Plc (CAP Plc) has appointed Dr. Vitus Ezinwa as a Non-Executive Director of the company effective from Thursday June 17, 2021, subject to the approval of the Company’s shareholders at the next Annual General Meeting.

The company announced in a statement signed by Ayomipo Wey, Company Secretary/General Counsel, CAP Plc.

Dr. Ezinwa is a seasoned business manager and human resource professional with experience in leading multinational corporations.

He is currently the Chief Operating Officer (COO) of UAC of Nigeria Plc (“UACN”) and previously, the Group Director of HR at UACN.

Prior to Joining UACN, Dr. Ezinwa worked as Group Human Resources Director for Promasidor Africa; Human Resources Director, CocaCola Nigeria & Equatorial Africa with responsibility for 10 countries and Human Resources Director for British American Tobacco, West & Central Africa covering Ghana, Benin, Niger & Togo.

Dr. Ezinwa was, until recently, the Group Human Resource Director for Tropical General Investments (TGI) Group.

He is a member of the Advisory Board of Afterschool Graduate Development Centre, member of the Institute of Directors and a Fellow of the Chartered Institute of Personnel and Development (CIPD) UK.

He is a co-founder and Director of HR Network Africa and was until 2014, a member of the Lagos Business School’s Advisory Board. He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria, Nsukka, MBA in Management from Lagos Business School, a Master’s in applied business research and a Doctorate in Business Administration, both from Swiss Business School, Zurich, Switzerland.

In addition to holding an executive director role on the Board of UACN, Dr. Ezinwa is a non-executive director of Grand Cereals Limited.

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Business

DLM Capital Group Retains Position as Best Structured Finance & Securitization Team in West Africa

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Sonnie Ayere - Investors King

DLM Capital Group, a prominent Developmental investment bank, has once again emerged as the best-structured finance and securitization team in West Africa at the just concluded Capital Finance International (CFI) 2021 awards.

The leading developmental investment bank has won the award in the last three years to affirm its position as the leading investment institution and asset manager in the region.

CFI awards seek to identify the contributions of individuals and organizations that contribute significantly to the advancement of economies and truly add value for all stakeholders.

DLM Capital Group creates bespoke business solutions for alternative financing and harnessing funds for growth. The group focuses on four key sectors — consumer credit, agriculture, microfinance, and education with a mandate to reduce poverty and improve living conditions for Africans, while mobilizing resources for the continent’s economic and social development.

In the past three years, our portfolio management team’s performance has remained consistent, and our clients have benefited immensely from exposure to our solutions, including the NMRC securitization deal and the DLM Primero BRT Securitization,” said Head of Corporate Communications and Marketing, DLM Capital Group, Chinwendu Ohakpougwu.

We are positioned to provide services to an expansive client base of retail, high net-worth and institutional customers. DLM Capital Group remains committed to constantly providing financial solutions that will enable our clients make a difference, and we are honored to be recognized once again as a reflection of the quality of support offered to our clients’,’ she added.

DLM has won recognition in West African capital markets, acting as a sole arranger to over 80 percent of structured finance transactions in Nigeria — and all the securitization transactions. It provides deal structuring, advisory execution and capital raising services across the Nigerian capital market.

The Institution recently launched an asset financing scheme and is preparing a venture into digital banking under its subsidiary, Sofri.

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