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 with primary focus on Foods, Real Estate, Paints, Logistics, Manufacturing and Auto. The different subsidiaries of the company are: UACN Property Development Company Plc (UPDC), Warm Spring Waters Nigeria Ltd. UACN also holds majority stake in Grand Cereals and Oil Mills Ltd (GCOML) and Spring Waters Nigeria Ltd (SWAN). It also has stake in Chemical & Allied Products. The company has joint ventures with General Motors, MDS Logistics and UACN Registrars Ltd.
The Company has been active on the Nigerian economic landscape since 1879.
UAC Nigeria was first incorporated in Nigeria under the name Nigerian Motors Ltd on April 22, 1931 as a wholly owned subsidiary of the United Africa Company Ltd. which later became UAC International (“UACI”). UACI, a subsidiary of Unilever, included in its business the activities formerly carried on by a number of other companies including The Niger Company Ltd. and the African and Eastern Trade Corporation Ltd, all of which had long-standing trading links with West Africa.
UAC has evolved into a Holding Company with subsidiary companies. It has forged strong
regional and international partnerships in a bid to enhance sustainable growth. The emergence of UAC Foods Limited – a business partnership in which Tiger Brands of South Africa holds 49% of the equity and UAC 51%, attests to this new strategic direction. UAC has recently entered into another partnership with Imperial Mobility BV under which it bought 49% of UAC’s 100% equity in MDS Logistics PLC.
UAC’s business portfolio includes the following Companies: UACN Property Development
Company Plc (UPDC), the first Company in the real estate sector to be quoted on the Nigerian
Stock Exchange; MDS Logistics PLC, a foremost integrated logistics company, with fast-growing
Investments in the development of pharmaceutical distribution hubs in key locations across the country and Warm Spring Waters Nigeria Limited, manufacturer of “GOSSY” Spring Water with the bottling plant located in Ikogosi-Ekiti, Ekiti State. UAC has majority stakes in Grand Cereals Limited, Chemical and Allied Products PLC (CAP), Livestock Feeds PLC, UAC Registrars Limited and UNICO CPFA Limited, a Closed Pension Fund Administrator.
UAC has initiated a pro-active investor relations programme through a dynamic management
approach to ensure that the Company seizes opportunities raised by its current business
model. So far, the Company’s strategic partnership is directed at enhancing operational excellence, delivering capabilities and positions as well as consolidating and building market share in a competitive and fast-growing market.
