DN Meyer PLC is the Manufacturer and Marketer of high quality Paints, including Architectural Paints, Wood Paints, Auto refinishes, Industrial and Marine, Road lining Paints, Roof coatings, Tube coatings, HP coatings and Adhesives.
Our Company was incorporated on the 20 th May, 1960 and converted to a Public Company in 1979. DN Meyer PLC is an offshoot of former Hagemeyer Nigeria Limited, the manufacturer of Sigma Paints and Cosmetics.
In 1994, Hagemeyer was bought over by Dunlop Nigeria PLC, which led to the change of both the corporate and brand names to DN MEYER PLC and MEYER PAINTS respectively. However, in July 2003, Dunlop Nigeria PLC divested its controlling shares from DN MEYER PLC to ACIMS Limited and DN MEYER PLC ceased to be a subsidiary of Dunlop Nigeria PLC. About this same period, DN MEYER PLC acquired the Flooring Adhesives business of Dunlop PLC thereby extending the scope of its industrial operation from the production and marketing of only paints to the production and marketing of floor tiles and adhesives. The production of Floor Tiles is presently suspended pending re-tooling of the Factory.
In February, 2010, a new set of core investors led by Citiprops Limited purchased the stake of ACIMS Limited in the Company.
In the 21 st century, we realize that doing more will not be enough but being different holds the key to success. DN MEYER PLC is strategically positioned to revolutionize the paint industry through novel initiatives and also our background of Sigma international and Dunlop extractions has positioned us as a Multi Product Company that offers world class quality and services.
Today, DN MEYER Plc has expanded into complimentary and allied areas of the Paint industry. Our recent heavy investment into the R & D of road lining Paints has made us the preferred local supplier of road lining paints with tremendous application capacity. Furthermore, we have a fully owned subsidiary DNM Construction Limited that has exhibited its project management expertise in the construction of 2 housing Estates – Abeokuta and Abuja within a space of 3 years, whilst expanding the Meyer Painters Club with over 800 members in 8 states of the country.
The company is committed to the vision of being the undisputed and dominant leader in the finishing business of the construction sector with quality and reliable products, excellent customer service and market presence.
In her 50 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.