In 1994, about 68% of the Company’s
issued share capital was acquired by Dunlop Nigeria Plc.
(Dunlop) The acquisition by Dunlop led to the change of the
corporate and brand name to DN Meyer Plc and Meyer paints
respectively.
The
Company is currently wholly owned by Nigerians after Dunlop
sold its stake in DN Meyer in 2004 to ACIMS Limited
and the Nigerian public through a combination management
buy out (MBO).
DN MEYER PLC is one of the most vibrant among the seven
equities quoted in the Chemicals and Paints sub-sector of
the Nigerian Stock Exchange and has been consistent in recording
continuous growth in earnings.
In July 2003, DN Meyer Plc acquired the Flooring and Adhesives
business of Dunlop Nig. Plc thereby extending the scope of
its industrial operation from the production and marketing
of only Paints to the production and marketing of Flooring
tiles and Adhesives
The company is committed to the vision of being the undisputed
and dominant leader in the finishing business of construction
sector through of quality and reliable products, excellent
customer service and market presence.
In her 47 years of existence, DNM has the
greatest opportunity to reinvent herself for breakthrough
as a key player in Nigeria’s
emerging economy.
A ten-year visioning process confirms that with the right
growth strategy and adequate capitalization, DNM should deliver
a turnover of N25 billion and PBT of 15% to her shareholders
in 2016.
The Company has a huge distributive network nationwide.
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