Agriculture · Cassava processing (starch & flour)
Cassava Starch & Flour Processor
Integrated cassava processor with owned facility, 400 ha outgrower network and brewery contracts; founders seeking a full exit.
Ijebu-Ode, Ogun, Nigeria13 years in operation140 employees
84
Readiness /100Investment ReadyAsset-heavyProfitableFounder-ledInvestment readyExport-oriented
Asking price
₦1.5bn – ₦1.7bn
Revenue
₦2.7bn – ₦3.1bn
EBITDA
₦580m – ₦640m
Cash flow
₦455m
Employees
140
Transaction
Full acquisition · 100%
Company identity is protected until you pass the NDA stage. Express interest to begin the process.
Business overview
An 11-year-old agro-processing company producing food-grade cassava starch and high-quality cassava flour from an owned 6-hectare facility in Ogun State. Raw material is secured through forward contracts with over 400 outgrowers. Revenue has compounded at 30% a year for three years with EBITDA margins above 20%, supported by supply agreements with two multinational brewers. The founders are seeking a full sale to a strategic acquirer or an operator-backed fund, and are open to a 12-month transition.
Business model
B2B supply of starch and flour on 30–45 day terms to brewers, bakeries and FMCG manufacturers; wet cake sold to feed millers; outgrower inputs financed and recovered at harvest.
Investment thesis
Nigeria imports most of its industrial starch. A proven processor with secured supply and brewery certifications is a platform for capacity expansion, ethanol-grade starch and regional export.
Highlights
- 11 years operating history, profitable every year since 2018
- Owned 6.2 ha processing site with Certificate of Occupancy
- 412 contracted outgrowers securing raw material supply
- Supply agreements with two multinational brewers
- Revenue CAGR of 30% (2021–2023), EBITDA margin 21%
Risks
- Customer concentration: top two customers ≈41% of revenue
- Seasonal working-capital requirement during harvest
- Term loan secured on processing equipment (₦520m outstanding)
- Key-person dependency on the Managing Director for brewery relationships
Figures are seller-reported and subject to Acqiva verification. The readiness score is indicative and not a substitute for independent due diligence or a formal valuation.