CAP PLC Company Profile

CAP PLC

Chemical and Allied Products Plc popularly known as CAP Plc, is a subsidiary of UAC of Nigeria Plc, the company was founded in the year 1965. It has Larry Ettah as Chairman and Omolara Elemide as Managing Director/CEO.
 
Chemical & Allied Products (CAP) Plc manufactures and sells a range of paint finishers for the coatings sector in Nigeria under the Dulux and Caplux brand name. Products in its coatings range include vinyl silk, vinyl matt, vinyl soft sheen, eggshell, high gloss, weathershield masonry and special effect finishes. Emulsions, gloss and textured variants are sold under its Caplux brand. The company distributes and sells its product range through Dulux Trade and Caplux outlets in the major towns and cities of Nigeria. The company also produces a fire protection range, which includes fire retardants, fire retardant coatings, fire stopping materials and fire extinguishers.
 
Chemical and Allied Products (CAP) Plc and Portland Paints & Products Nigeria Plc are on the verge of executing a merger deal that will give rise to Nigeria’s biggest paint and chemical company by market capitalization. The amalgamation of the firms, both are subsidiaries of UAC of Nigeria Plc, has been more than one year in the works, with a bigger entity that will run under the name CAP Plc expected to emerge at the end of the consolidation process.

The proposed merger presents a compelling opportunity to create significant value for shareholders of CAP and achieve the company’s strategic growth objectives as a larger company with a broader product portfolio, more corporate-owned brands and diversified revenues, according to the scheme of merger obtained from the Nigerian Stock Exchange (NSE).
 
BOARD OF DIRECTORS
 
Awuneba Sotonye Ajumogobia - Chairman
David Wright- Managing Director & Director
Muhibat Omobolanle Abbas - Director
Bolarin Okunowo - Non-Executive Director
Udo Okonjo - Independent Non-Executive Director
Kayode Garrick - Independent Non-Executive director