What we do: Beloxxi Industries Ltd is a Nigerian leading biscuit manufacturing company with one of the most popular cream cracker brands in the market. Beloxxi operates several production lines from its plant in Agbara in the Ogun State and multiple warehouses across Nigeria. The company employs 2,300 people and operates via a network of 400 distributors.
Ownership & Management: Beloxxi is majority owned by private entrepreneurial individuals and is 40% owned by an investment consortium made up of 8 Miles LLC (UK private equity firm), African Capital Alliance and DEG a German development finance institution. The company has strong management team which has attracted a good quality equity funding.
Key financial indicators: Not provided. Nigeria’s biscuit sector has seen strong growth of 10 to 15% per annum, and this is expected to continue driven by population growth, rising disposable incomes and increasing urbanisation coupled with the growing popularity of biscuits as a convenience snack. The growth in the sector is also a result of a relatively young population with 63% of the population (about 115 million people) below the age of 25 years.
Track record: Beloxxi has significant market share and has one of the most popular and highest selling cream cracker brands in the market with a reputation for high quality. It operates several production lines from its plant in Agbara, Ogun State and multiple warehouses across the country. The Company has experienced growth rates in excess of 30% per annum in the last few years.
Client contact details: Tel: 0909 779 9054 Email: firstname.lastname@example.org Address: Plot C21/5A Anioma Road, Agbara Industrial Estate, Nigeria. Website: http://beloxxigroup.com
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