Pearl Dairy Farms Limited
Pearl Dairy Farms Limited, often referred to as Pearl Dairy, is a dairy processing company in Uganda.[2]
Private | |
Industry | Dairy processing |
Founded | 2012 |
Headquarters | Biharwe, Mbarara, Uganda |
Key people | Devendra Seth Managing Director Bijoy Varghese General Manager |
Products | Butter oil, ghee, yoghurt, skimmed milk powder, full cream milk powder, UHT milk[1] |
Number of employees | 247 (2016)[1] |
Subsidiaries | In Kenya Offices in Kampala & Dubai |
Website | Homepage |
Location
The head office and factory of Pearl Dairy Farms Limited is located in Biharwe, a neighborhood along the Masaka–Mbarara Road, approximately 8.5 kilometres (5 mi), by road, northeast of the central business district of the city of Mbarara, in the Western Region of Uganda.[3] The coordinates of the company headquarters and factory are: 0°33'49.0"S, 30°42'11.0"E (Latitude:-0.563611; Longitude:30.703056).[4]
Overview
The factory is built on 15 acres (6.1 ha) and has capacity to process 500,000 liters of milk daily.[5] The milk is purchased from dairy farmers in Mbarara District and neighboring communities.[6] The company maintains corporate offices in Kampala and Dubai. Pearl Dairy Farms Limited maintains a subsidiary in Kenya. As of 2015, the company had plans to construct a milk processing plant of its own in the county. Until that factory is built, the company markets dairy products in Kenya, manufactured in its Ugandan plant.[7]
Ownership
The company is a member of the Midland Group of companies, a conglomerate active in Africa and the Middle East.[7] The detailed shareholding in the stock of the company as of March 2016 is shown in the table below.[8] In 2019, Rise Fund, managed by American private equity fund TPG Capital acquired 34 percent shareholding in Pearl Dairy Farms Limited for an undisclosed amount.[9]
Rank | Name of Owner | Ownership in 2016 | Ownership in 2019 | |
---|---|---|---|---|
1 | Bhasker Kotecha and Family | 50.5[8] | 33.0[9] | |
2 | Anand Kapoor and Family | 49.5[8] | 33.0[9] | |
3 | Rise Fund | 0.0[8] | 34.0[9] | |
Total | 100.00 | 100.00 | ||
Products
The factory manufactures the following products among others:[10] (a) full cream powdered milk (b) skimmed powdered milk (c) instant full cream powdered milk (d) UHT milk (e) ghee and (f) butter oil.[8] The company's products are consumed locally in Uganda and exported to Comesa Countries, West Africa, India, Nepal and United Arab Emirates.[1]
References
- Alfred Tumushabe (20 June 2016). "Museveni Cautions On High Milk Prices". Daily Monitor. Kampala. Retrieved 30 April 2020.
- Al-Mahadi Adam Kungu (16 December 2019). "Government Closes Milk Coolers Owned By Pearl Dairies In Mbarara". Kampala: SoftPower Uganda. Retrieved 30 April 2020.
- Google (30 April 2020). "Distance Between Downtown Mbarara And Pearl Dairy Farms Limited Milk Plant" (Map). Google Maps. Google. Retrieved 30 April 2020.
- Google (30 April 2020). "Location of Pearl Dairy Farms Limited Milk Factory" (Map). Google Maps. Google. Retrieved 30 April 2020.
- Campus Bee (20 June 2016). "Museveni Commissions Pearl Dairy Farms Limited". Kampala: Campus Bee Uganda. Retrieved 30 April 2020.
- International Finance Corporation (26 May 2013). "IFC Projects Database - Pearl Dairy: Summary of Investment Information". Washington, DC: International Finance Corporation. Retrieved 30 April 2020.
- Simon Ciuri (15 November 2015). "Uganda's Pearl Dairy To Build Plant In Kenya". Business Daily Africa. Nairobi. Retrieved 30 April 2020.
- Bernard Busuulwa (15 June 2013). "IFC, Uganda's Pearl Dairy In $6.5 Million Loan Deal". The EastAfrican. Nairobi. Retrieved 30 April 2020.
- Nicholas Asingwire (11 November 2019). "Lato milk manufacturer sells stake to American Investment firm". Kampala: Smart24TV Uganda. Retrieved 30 April 2020.
- Food Business Africa (23 February 2015). "Industry Focus: Dairy Industry in Uganda". Nairobi: Food Business Africa Online. Retrieved 30 April 2020.