Ellah Lakes Acquires Agro-Allied Resources For Expansion

Ellah Lakes Plc has agreed to get 100 per cent shareholding of Agro-Allied Resources & Processing Nigeria Limited (ARPN) to deepen its operational footprint, standard efficiencies, and thrust nationalist nutrient information impact.

In a connection connected the Nigerian Exchange Limited, the institution said the acquisition follows shareholders’ support astatine its Extraordinary General Meeting held connected July 25, 2025 and represents a large milestone towards expanding the Company’s operational footprint and processing capacity.

The transaction volition impact the acquisition of 100 per cent shareholding of ARPN. The acquired assets comprise 11,783 hectares of cultivated onshore (planting implicit 6,280 hectares of lipid thenar plantations and associated infrastructure), 2,093 hectares of cassava plantation onshore and an further 10,393 hectares of uncultivated land.

The plantation’s property illustration is well-positioned for sustained productivity, with 60 per cent of the lipid palms implicit 4 years aged (entering highest productivity), 30 per cent betwixt 2 and 4 years, and the remaining 10 per cent nether 2 years. This organisation underpins some existent output and aboriginal growth.

Ellah Lake explained that “following the completion of the Acquisition, Ellah Lakes volition consolidate ARPN’s assets into its operations, delivering contiguous standard and fiscal benefits, portion unlocking important semipermanent imaginable for harvest diversification and vertical integration.

The Acquisition aligns perfectly with Ellah Lakes’ vertically integrated concern model, which spans superior cultivation, mid-stream processing and downstream marketplace access.

“The Transaction is taxable to the receipt of the customary regulatory approvals, including support from the Federal Competition and Consumer Protection Commission (FCCPC). Closing is targeted for December 2025, taxable to restitution of each conditions precedent.”

The managing director/CEO of Ellah Lakes, Chuka Mordi, said, “Signing the Sale and Purchase Agreement with ARPN marks a defining measurement successful Ellah Lakes’ translation journey.

“This acquisition volition much than treble our accumulation footprint, accelerate net growth, and presumption america arsenic a nationalist champion successful agro-industrial production. We are excited astir this transaction’s contiguous and semipermanent worth to our shareholders and Nigeria’s broader nutrient information objectives.”

The managing manager & CEO of ARPN, Madhukar Khetan, stated, “The signing of this statement marks a arrogant milestone for ARPN. In a remarkably abbreviated time, we person successfully planted 6,280 hectares of thenar seedlings, a benchmark accomplishment successful our industry.

“This occurrence is dedicated to our employees, whose commitment, hard work, and perseverance made it possible. We are profoundly arrogant of what our squad has built.

“The acquisition by Ellah Lakes highlights the spot of the level we person created and its alignment with Nigeria’s nutrient information objectives. With their expertise and vision, Ellah Lakes is well-positioned to instrumentality this instauration forward, standard it up, and scope adjacent greater heights.”

Ellah Lakes Plc is simply a rapidly increasing indigenous agribusiness institution starring Nigeria’s cultivation transformation. Established successful 1980 arsenic a food farming enterprise, the Company underwent a strategical displacement successful 2019 pursuing the acquisition of Telluria Limited. It repositioned itself arsenic a vertically integrated agro-industrial subordinate focused connected harvest cultivation, processing, and sustainable worth creation.