Bulk
Pack Services Limited, a beverage package manufacturer and supplier owned by
Alhaji Sani Dangote, the younger brother of Alhaji Aliko Dangote, was taken
over by Asset Management Corporation of Nigeria (AMCON) yesterday as part of
the corporation’s recovery efforts.
The
Receiver, Mr. Urua Essien, confirmed that he took effective control of the
company following the failure of the company to repay their outstanding debt.
“The
Receiver immediately sealed off the premises of the company located at Dangote
Regional Office, Oluwole Ladipo Street, Off Oba Akran, Ikeja, Lagos,” according
to a statement yesterday.
Bulk
Pack Services Limited, which is affiliated to Dangote Group specialises in the
manufacturing and supply of packages for major beverage companies like Dansa
Foods Limited.
Dangote
Group is a multinational industrial conglomerate in West Africa and one of the
largest in the African continent. In 2015, the group generated revenue in
excess of $3billion.
It is the leading diversified business conglomerate in
Africa with interests across in range of sectors in Africa including cement,
sugar, flour, salt, pasta, beverages and real estate.
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Business