- Set to launch Retail Meat Hubs across Nigeria in Q2 2020

Farmcrowdy today announced the acquisition of Best Foods (L&P) Limited to offer 
wider livestock production and processing solutions to the market. Farmcrowdy 
now owns majority stakes in Best Foods (L&P) which provides wholesome livestock 
and locally grown agricultural produce at affordable prices. It is one of the 
largest meat processors in Nigeria with the capacity to process 120 - 200 bulls 
daily.

With this acquisition, Farmcrowdy will keep growing its meat value chain with 
improved livestock production and processing to meet international standards. 
Farmcrowdy will also become the preferred source of processed meat across 
Nigeria starting with Lagos. The company will serve over 50 meat markets across 
South-Western Nigeria, managing 100+ consumer endpoints.

According to Onyeka Akumah, Founder and CEO of Farmcrowdy, the AgTech platform 
is set to enter the meat retail market with the launch of Farmcrowdy Meat Hubs 
in Q2 2020 to provide access to quality meat via technology, produced and 
traded by Farmcrowdy.

"Best Foods offers an exciting opportunity for Farmcrowdy to enhance its 
service in livestock production, processing, and supply," explains Kenneth 
Obiajulu, Managing Director of Farmcrowdy. "The acquisition supports 
Farmcrowdy's strategy to lead the market and meet necessary requirements to 
increase our supply of 45 cattle daily for consumption."

Emmanuel Ijewere, Founder of Best Foods, said, "This deal with Farmcrowdy is a 
welcome development for us as it provides a major growth opportunity for both 
businesses. We are excited about the many possibilities." Ijewere will be 
joining Farmcrowdy as a member of the advisory board.

About Farmcrowdy

Farmcrowdy [http://www.farmcrowdy.com/] is Nigeria's first digital agriculture 
platform that connects small scale farmers with smart farming techniques, 
quality farm inputs, and access to superior markets to earn a decent profit 
margin compared to profit earned from trading within their locality.

About Best Foods

Best Foods is an agribusiness group with over 16 years of experience focused on 
livestock processing through Best Food Livestock and Poultry, farming through 
Best Food Fresh Farms, and marketing of agricultural produce through 
Naijapride, its wholesaler and Best Foods dairy and multi-concepts, the 
retailer. It was established to provide wholesome livestock and locally grown 
agricultural produce to consumers at affordable prices. Best Foods was also one 
of the early Nigerian partners with Shoprite, one of Africa's largest food 
retailing franchises, to Nigeria.

Photo - 
https://mma.prnewswire.com/media/1091149/Farmcrowdy_Best_Foods_Acquisition_Signing.jpg


Source: Farmcrowdy