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UAC OF NIGERIA
UACN

Last update 3 months ago

Industry Conglomerates (40)
Lagos, Nigeria
Workforce 1,001 - 5,000 employees Listed on NSE-Nigeria Symbol UACN

+234 1 270 1879

Email info@uacnplc.com Website


UAC of Nigeria PLC (UAC) is a leading diversified Company, operating in the Food and Beverage, Real Estate, Paint and Logistics sectors of the economy. UAC has been a foremost and active participant in the Nigerian economic landscape since 1879.

The Company’s brand portfolio includes leading brands such as Gala Sausage Roll, Mr. Bigg’s, Funtime Coconut chips, Supreme Ice cream, Swan Natural Spring Water, Gossy Warm Spring Water, Dulux Paint, Grand Soya Oil, Vital Feeds, Binggo Dog Food, Livestock Feeds, Grand Cereals Cornflakes and Sandtex Paint.

UAC has evolved into a Holding Company with strong regional and international partnerships in a bid to enhance sustainable growth. The partnerships are: UAC Foods Limited – a business partnership between Tiger Brands Limited, holding 49% of the equity and UAC controlling 51%; MDS Logistics Limited, a joint venture with Imperial Logistics, which holds 49% equity with UAC controlling 51% and UAC Restaurants Limited, where Famous Brands holds 49% of the equity, with UAC controlling 51%. UAC also operates successful joint ventures in the real estate business and a technical collaboration with Akzo Nobel for the manufacture of Dulux Paints in Nigeria.

The Company blazed the trail by fully franchising its Quick Service Restaurants operations, a strategy that is serving as a model for the sector, and has been replicated by competition. Gala Sausage Roll and Mr. Bigg’s, the leading QSR brand in Nigeria, have for many years remained dominant household brands.

UAC’s business portfolio includes the following Companies: UACN Property Development Company PLC (UPDC),  the first Company in the real estate sector to be listed on the Nigerian Stock Exchange; UAC Foods Limited, the manufacturers of Gala Sausage Roll, Supreme Ice Cream and SWAN Natural Spring Water, MDS Logistics Limited, a foremost integrated logistics Company, with investments in pharmaceutical distribution hubs in key locations across the country; UAC Restaurants Limited with its chain of Mr. Bigg’s  and Debonairs Pizza outlets, Grand Cereals Limited the manufacturers of Vital Poultry and Fish Feeds, Binggo Dog Food, Grand Maize Flour, Grand Cornflakes and Grand Soya Oil; Chemical and Allied Products PLC, leading its industry segment with Dulux Paint, Warm Spring Waters Nigeria Limited, manufacturers of “Gossy” Spring Water and UNICO CPFA Limited, a Closed Pension Funds Administrator.

The Company’s business expansion drive led to the acquisition of controlling equity in Livestock Feeds PLC, foremost manufacturers of Animal Feeds and Portland Paints and Products Nigeria PLC, makers of Sandtex Paints. These acquisitions have deepened the Company’s presence in the animal feeds and paints market.
The Company’s strategic partnerships are aimed at enhancing operational excellence and delivery capabilities as well as consolidating and building its market share in a competitive and fast growing market. The Company proactively seeks to take advantage of the opportunities presented by its current business model.

The Company’s Corporate Social Responsibility (CSR) Programme – The Goodness League is a major boost to education in Nigeria through its infrastructural intervention and support for Legacy Schools across the country as well as the organization of Free Weekend Classes for Senior Secondary School students. UAC’s Schools Support Programme has benefitted educational institutions in the South West, North West, South South, North Central and South East geo-political zones of the country.
UAC has continued the drive for sustainable growth through the execution of relevant business strategies, continuous innovation and significant investment in capacity building.

History

uac of Nigeria Plc has a rich and varied history of successful enterprise that pre-dates the geographical entity called Nigeria. The rumps of the Company’s early days can be traced to the activities of European traders and commercial activities.

 

 

The Company has evolved through a series of mergers and acquisitions and restructurings as the various entrepreneurs sought to enthrone profitable and enduring enterprises.

One of the most significant developments in the company’s history was the setting up of the Royal Niger Company, which was chartered between 1672 and 1750 to administer the territory that would later become Nigeria.

In 1879, the United African Company was found following the merger of four Companies trading up the River Niger: Alexander Miller Brother & Company, Central African Trading Company Limited; West African Company Limited and James Pinnock.

Following the intense rivalry among the European nations in the 1880s, The National African Company Limited was floated to take over the assets of The United African Company. In 1886, The National African Company Limited was Chartered & Limited when the British Government issued it a Charter after the Berlin Conference

The logo of the The Royal Niger Company was a device with three arms symbolizing the main waterways of the territory; on each arm was a single short word: ‘ARS’, ‘JUS’, ‘PAX’.

PAX stood for “peace and order” which the Company evolved to stem the “anarchy and barbarism of the Niger Territories ” and safeguard the “numerous British and French trading interests in the Niger, which unity of action was an absolutely necessary antecedent to successful trade….”

ARS refers to “the skill in trade and liberal arts”, which practical benefit European civilization brought to the millions in Central Africa. The subjective aspect is ingenuity – commercial and political – without which Unity and Equity would have failed.

JUS is “the actual law and legal rights” established by public authority (the Royal Charter), without which peace would be unstable and the progress of commerce and arts hopeless. It represented just conduct and equity a pre-requisite for legitimacy.

In 1889, The African Association was incorporated by the merger of eight firms that were operating in the Oil Rivers area. In 1892, The Royal Niger Company brought in Captain Lugard (later to be known as Lord Lugard ) to help protect its interest in Nigeria. Lord Lugard would later become the first Governor-General of Nigeria.

Following the revocation of the charter, Royal Niger Company changed its Company name to The Niger Company Limited in 1900.

In 1919, The Niger Company Limited was bought by Lever Brothers Limited. That same year, The Miller Brothers Limited and the African Association United to form the African & Eastern Trade Corporation.

On March 3, 1929, The United Africa Company was formed by the joint agreements of The African & Eastern Trade Corporation and the Niger Company (Owned by Lever Brothers Limited).

uac was first incorporated in Lagos, Nigeria under the name Nigerian Motors Ltd on April 22, 1931 as a wholly-owned subsidiary of the United Africa Company Ltd. (a subsidiary of Unilever), which later became UAC International. The Company’s name was changed to United Africa Company ( Nigeria ) Ltd on 23rd July 1943.

It became The United Africa Company of Nigeria Ltd on 1st February, 1955 and started acquiring, over a period of five years, a large part of the business of UACI. In 1960 C.W.A. Holdings Ltd, England also a subsidiary of Unilever, acquired UACI’s interest in the company.

The name was changed to UAC of Nigeria Limited on 1 st March, 1973.

In compliance with the Nigerian Enterprises Promotion Act 1972, 40 percent of the company’s share capital was acquired in 1974 by Nigerian citizens and associations and in accordance with the provisions of the Nigerian Enterprises Promotion Act 1977, an additional 20 percent of the uac‘s share capital was publicly offered in 1977, increasing Nigerian equity participation to 60 percent.

The name UAC of Nigeria Plc was adopted in 1991.

In 1994, following the divestment of 40% interest in the Company by Unilever PLC, the Company became a wholly-owned Nigerian Company. The transformation of uac from a trading behemoth into a leading manufacturing concern, even though it took root in the 1980s, was given serious impetus in 1990s, following the exit of the company from its trading businesses.

In early 2000, uac further embarked on a series of business restructuring with a thorough portfolio review and switch of focus to value-adding operations. This has led to an era of focused growth on the foods, real estate, logistics and automobile sectors.

Today, UAC of Nigeria Plc (UAC) is a leading diversified company, operating in the food and beverages, real estate, paint and logistics sectors of the economy. The Company has been active on the Nigerian economic landscape since 1879. UAC’s brand portfolio includes leading brands such as Gala Sausage Roll, Mr Biggs,  Funtime Coconut Chips, Supreme Ice cream, Swan Natural Spring Water, Gossy Warm Spring Water, Dulux, Grand Soya Oil, Grand Groundnut Oil, Vital Feeds and Livestock Feeds

BOARD

L... E...

Chief Executive Officer
Effective 10 years ago, and will leave on january 2018
Chairman
Ongoing


LIVESTOCK FEEDS
Nigeria - Agriculture & Fisheries
Chairman
Ongoing

Appointed to the board 4 years ago


UAC FOODS
Nigeria - Foods
Chairman
Ongoing


UACN PROPERTY DEVELOPMENT COMPANY
UPDC
Nigeria - Property & Real Estate
Non-Executive Chairman
Ongoing

Appointed to the board 10 years ago


Chairman
Ongoing

Appointed to the board 4 years ago


UAC OF NIGERIA
UACN
Nigeria - Conglomerates
Chief Executive Officer
Effective 10 years ago, and will leave on january 2018


CORONATION MERCHANT BANK
Nigeria - Finance | Banking
Director
Ongoing

87 relationships

A... A...

Chief Executive Officer
Will start on january 2018

Appointed to the board 7 years ago
UAC FOODS
Nigeria - Foods
Non-Executive Director
Ongoing


UACN PROPERTY DEVELOPMENT COMPANY
UPDC
Nigeria - Property & Real Estate
Non-Executive Director
Ongoing

Appointed to the board 10 years ago

Managing Director
2007 - 2010

UNICO CPFA
Nigeria - Financial Services
Chairman
Ongoing


Non-Executive Director
Ongoing

Appointed to the board 4 years ago


UAC OF NIGERIA
UACN
Nigeria - Conglomerates
Chief Executive Officer
Will start on january 2018

Appointed to the board 7 years ago

Chief Financial Officer
2010 - 2017
Executive Director
2010 - Unknown

SKYE BANK
Nigeria - Finance | Banking
Non-Executive Director
2012 - 2016

Managing Director
2003 - Unknown
49 relationships

D... O...

Non-Executive Chairman
Ongoing

Appointed to the board 2 years ago

J... I...

Executive Director, Corporate Services
Effective 7 years ago

O... J...

Non-Executive Director
Ongoing

Appointed to the board 2 years ago
UAC OF NIGERIA
UACN
Nigeria - Conglomerates
Non-Executive Director
Ongoing

Appointed to the board 2 years ago


NESTOIL
Nigeria - Engineering & Manufacturing
Director
Ongoing

Appointed to the board 4 years ago


CUTIX
Nigeria - Industrial Equipments
Chairman
Effective 1 year ago


NIGERIAN BREWERIES
Nigeria - Beverages & Wines
Executive Director, Sales And Customer Services
2001 - 2005
Executive Director, Human Resource
1999 - 2001
Executive Engineering Manager
1990 - 1996

Head, Corporate Education
1996 - 1999
33 relationships

U... A...

Director
Ongoing

Appointed to the board 4 years ago

B... O...

Non-Executive Director
Ongoing

Appointed to the board 4 years ago
UAC OF NIGERIA
UACN
Nigeria - Conglomerates
Non-Executive Director
Ongoing

Appointed to the board 4 years ago


WEMA BANK
Nigeria - Finance | Banking
Non-Executive Chairman
Effective 6 months ago

Non-Executive Director
2015 - 2015
Non-Executive Director
2017 - Unknown

UACN PROPERTY DEVELOPMENT COMPANY
UPDC
Nigeria - Property & Real Estate
Non-Executive Director
2010 - 2013
21 relationships

A... S...

Non-Executive Director
Ongoing

Appointed to the board 8 years ago
INDUSTRIAL AND GENERAL INSURANCE
IGI
Nigeria - Finance | Insurance
Non-Executive Director
Ongoing

Appointed to the board 1 year ago


UAC OF NIGERIA
UACN
Nigeria - Conglomerates
Non-Executive Director
Ongoing

Appointed to the board 8 years ago

30 relationships
CHEMICAL AND ALLIED PRODUCTS
CAP
Ikeja, Nigeria
Chemicals

LIVESTOCK FEEDS
Ikeja, Nigeria
Agriculture & Fisheries

UAC FOODS
Lagos, Nigeria
Foods

UACN PROPERTY DEVELOPMENT COMPANY
UPDC
Lagos, Nigeria
Property & Real Estate

UNICO CPFA
Lagos, Nigeria
Financial Services

WARM SPRING WATERS NIGERIA
Lagos, Nigeria
Water & Sanitation

MDS LOGISTICS
Ikeja, Nigeria
Freight, Shipping & Logistics

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