SUBSIDIARY NAME
VERTICAL INTEGRATED POULTRY VALUE-CHAIN
COUNTRY
NIGERIA
SECTOR/ INDUSTRY
AGRICULTURAL
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
May 12, 2022
ACQUISITION VALUATION
195 MILLION
TOTAL ASSET VALUATION
1.95 BILLION
AGRICULTURE
VERTICAL INTEGRATED POULTRY VALUE-CHAIN: IIB-DG acquired VERTICAL INTEGRATED POULTRY VALUE-CHAIN on May 12, 2022 will primarily go into the business of producing and distributing affordable poultry consumer and producer products in the region of Nigeria’s Niger Delta. A region renown for an undeveloped poultry sector and its dependency on its oil industry sector.
The plan here details an outline for the following automated operations and their initial production capacities:
- 120,000 Parent Stock Operation and its annual production capacity of 39,312,000 fertile eggs
- 1,152,000 day-old-chicks/week Hatchery Operation and its initial annual capacity of 33,415,200 chicks
- 800,000 Broiler Operation and its annual capacity of 6,080,000 broilers (13,376 tons of broiler meat)
- 240,000 Pullet Operation and its initial annual capacity of 70 million (2.34 million crates) of table eggs
- 2,500-hectare Row crop/Feed Mill Operation and annual capacities of 28,232 tons and 9,243 tons of corn and soybeans, respectively