Ellah Lakes Plc has agreed to accumulate 100 per cent shareholding of Agro-Allied Assets & Processing Nigeria Restricted (ARPN) to deepen its operational footprint, scale efficiencies, and drive nationwide meals safety affect.
In a press release on the Nigerian Alternate Restricted, the corporate mentioned the acquisition follows shareholders’ approval at its Extraordinary Common Assembly held on July 25, 2025 and represents a serious milestone in the direction of increasing the Firm’s operational footprint and processing capability.
The transaction will contain the acquisition of 100 per cent shareholding of ARPN. The acquired belongings comprise 11,783 hectares of cultivated land (planting over 6,280 hectares of oil palm plantations and related infrastructure), 2,093 hectares of cassava plantation land and a further 10,393 hectares of uncultivated land.
The plantation’s age profile is well-positioned for sustained productiveness, with 60 per cent of the oil palms over 4 years previous (coming into peak productiveness), 30 per cent between two and 4 years, and the remaining 10 per cent beneath two years. This distribution underpins each present yield and future development.
Ellah Lake defined that “following the completion of the Acquisition, Ellah Lakes will consolidate ARPN’s belongings into its operations, delivering quick scale and monetary advantages, whereas unlocking important long-term potential for crop diversification and vertical integration.
The Acquisition aligns completely with Ellah Lakes’ vertically built-in enterprise mannequin, which spans major cultivation, mid-stream processing and downstream market entry.
“The Transaction is topic to the receipt of the customary regulatory approvals, together with approval from the Federal Competitors and Client Safety Fee (FCCPC). Closing is focused for December 2025, topic to satisfaction of all situations precedent.”
The managing director/CEO of Ellah Lakes, Chuka Mordi, mentioned, “Signing the Sale and Buy Settlement with ARPN marks a defining step in Ellah Lakes’ transformation journey.
“This acquisition will greater than double our manufacturing footprint, speed up earnings development, and place us as a nationwide champion in agro-industrial manufacturing. We’re enthusiastic about this transaction’s quick and long-term worth to our shareholders and Nigeria’s broader meals safety aims.”
The managing director & CEO of ARPN, Madhukar Khetan, acknowledged, “The signing of this settlement marks a proud milestone for ARPN. In a remarkably brief time, we’ve efficiently planted 6,280 hectares of palm seedlings, a benchmark achievement in our business.
“This success is devoted to our workers, whose dedication, arduous work, and perseverance made it doable. We’re deeply happy with what our workforce has constructed.
“The acquisition by Ellah Lakes highlights the power of the platform we’ve created and its alignment with Nigeria’s meals safety aims. With their experience and imaginative and prescient, Ellah Lakes is well-positioned to take this basis ahead, scale it up, and attain even higher heights.”
Ellah Lakes Plc is a quickly rising indigenous agribusiness firm main Nigeria’s agricultural transformation. Established in 1980 as a fish farming enterprise, the Firm underwent a strategic shift in 2019 following the acquisition of Telluria Restricted. It repositioned itself as a vertically built-in agro-industrial participant centered on crop cultivation, processing, and sustainable worth creation.
