|Unga Group was founded in 1908 making it one of Kenya’s oldest companies. The group’s headquarters are in Nairobi with flour mills in Eldoret, Nakuru and Mombasa.
In 2000, Unga Group was in losses and entered into a strategic investment partnership with Seaboard Corporation to form Unga Holding Limited as part of its recovery strategy. Unga Groups operations were all transferred to the newly created subsidiary. Seaboard Corporation brought on-board capital and technical expertise. Unga Group re-entered the bread market in 2015 through its acquisition of Ennsvalley Bakery. This move was aimed to diversify the group’s investments. This acquisition was funded by the proceeds the group earned from the sale its 51% stake in Bullpak, the group’s paper packaging subsidiary, to South African based Nampak.
|Address||Commercial Street, Industrial Area, Ngano House|
Nairobi Securities Exchange - NSE
MANUFACTURING & ALLIED INDUSTRY
COMPANY RELATED NEWS
|Enter RSS Feed Short Code|
|Year||Balance Sheet||Income Statement||E.T.C|