Investments, Acquisitions and Funding

These hubs will be equipped with advanced pre-cleaning equipment and dryer machines capable of handling eight tonnes of grains per hour.

The integration of NuTek’s assets is expected to accelerate the development of next-generation clean-label solutions that align with evolving regulatory standards and consumer preferences.

The integration is intended drive collaboration, improve coordination and deliver ongoing efficiencies across key areas.

The acquisition will be financed through a mix of cash and debt and is expected to be accretive to adjusted earnings per share within the first year.

This local production is expected to reduce import dependency, accelerate supply response times, and foster job creation in Lagos and surrounding areas.