$5.2bn World’s biscuit and confectionery brands enter Nigerian market

In a global buy over, A&P Foods Limited, the producers of McVities Biscuits in Nigeria has become part of $5.2 billion Pladis, a new global company formed by Yildiz Holding, Central Eastern Europe, Middle East and Africa, CEEMA’s largest food company.

Established in 2002, A&P Foods is a major player in the biscuit and confectionary categories in Nigeria, and also produces the Haansbro brand, Nigeria’s well-known biscuits and confectionery range.

The new entity, Pladis unites internationally recognized brands – McVitie’s, a leading biscuit brand in Nigeria with a heritage in the UK and Europe, Godiva, a leading premium chocolate brand worldwide, and Ulker, the leading biscuits and confectionery brand in Turkey and Middle East; a love mark in its category.

A statement said that together they form a $US5.2 billion business, positioning Pladis as a global leader in the category.

Celebrating the launch, Murat Ulker, Chairman of Yildiz Holding, said in the statement, “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.”

With 36 factories in 13 countries, Pladis will employ 26,000 people and be led by a senior leadership team comprised of Cem Karakas, CEO, and Ali Ulker, Vice Chairman focusing on innovation and quality. The company will operate on a regional basis, with each region responsible for the manufacturing and commercial activities of the full Pladis brand portfolio.

Pladis CEO, Cem Karakas, commented, “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 more agile, allowing us to innovate around our products and develop more brand synergies – which are already benefitting our business”.

This initiative is a roadmap helping to align a global workforce around the central idea, “we promise happiness to the world with every bite”, and realize the ambitious targets of this new global entity.

 Ali Jaber, Managing Director of pladis Sub Saharan Africa, while acknowledging the significance of the merger says in the statement, “We are very excited about the opportunities that the consolidation of the businesses brings. We believe this will help us build further on our market positioning and the exceptional quality that has become the trademark of all our brands.”