Olam acquires Nigerian dairy firm Kayass for $66.5m
date:Jun 08, 2012
The deal, which marks Olam's entry into the dairy and beverage segments in Nigeria, is a part of its strategy to strengthen its packaged foods business in West Africa.
Kayass Enterprises produces packaged milk powder, flavoured milk, juices and UHT milk, and it owns two factories in plants in Lagos - a dairy and beverage manufacturing plant and a milk powder packaging facility.The company's beverage brands include Nature's Fresh and Yo-Jus, and its milk powder brand - Blue Boat - is a leading br
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