South African investment firm Oppenheimer Partners has recently acquired an additional 37.5% stake in Nigerian beverage can manufacturer GZ Industries (GZI), solidifying its control over the company. The move aims to tap into the growing demand for packaging in the beverage industry, driven by rising incomes and population growth across the region.
GZ Industries, founded in 2006, is Nigeria’s leading supplier of beverage cans, with two production plants located in Ogun and Abia states. With a production capacity of 1.8 billion units per year, the company plays a crucial role in meeting the packaging needs of the beverage industry in Nigeria and the broader sub-Saharan region.
By taking full control of GZI, Oppenheimer Partners positions itself to serve the entire region south of the Sahara, leveraging GZI’s strong market presence and production capabilities. This strategic move aligns with Oppenheimer Partners’ goal of expanding its investment portfolio across various industries in Africa.
The Nigerian beverage market offers significant growth potential, as consumption continues to rise. With the acquisition of GZI, Oppenheimer Partners intends to capitalize on this growth and contribute to the development of the regional beverage industry.
This acquisition not only solidifies Oppenheimer Partners’ presence in Nigeria but also highlights their commitment to investing in the African continent. As Oppenheimer Partners takes control of GZ Industries, they aim to drive further innovation, expansion, and contribute to economic growth in the beverage sector in Nigeria and beyond.
The source of the article is from the blog coletivometranca.com.br