Group Overview
The commercial development of the Group linked business opportunity, economies of scale and integration through individual companies under the share ownership of Late Mr. George Assad Akle “GAA”, the eldest son of Late Mr. Assad Akle and his younger brother, Mr Lucien Assad Akle “LAA”. GAA was a Nigerian national, born in Kano and naturalised.
Established on 9th march 1988 with Registration Certificate (RC) Bo 1104335 as an Investment Holding outfit formerly as Akle Investment Ltd in 1992. We achieved our success because of how successfully we integrate
* Subsidiaries Overview *
- *Akle Brothers Ltd*
- *C.Zard & Company Ltd*
- *Domino packaging Ltd*
- *Nigerian Spinners & Dyers Ltd*
In order to harness the legal structure into a coordinated Company structure under specialised and skilled management using apex structuring principles, a holding Company GALA INVESTMENTS LIMITED (formerly Akle Investments Limited) was incorporated on 9th March 1988 with Registration Certificate (RC) No 110435 . All shares hitherto owned by GAA were transferred to GALA, whose status accords to an Investments Holding Company with an income base consisting of Franked (Dividend) Investment Income and rental from assets leased to subsidiary companies. Its task is to nurture projects during creation and subsequent lease under subsidiary status for successful ventures.
The Group traces its history to 1930’s when Mr. Assad Jebran Akle commenced business as a produce buyer, importer and trader in consumables. Continued and steady progress was achieved until 1957 when the businesses were translated into a limited liability company, AKLE BROTHERS LIMITED “ABL” which is a wholly owned Subsidiary of Gala Investments Limited.
In order to directly access the southern markets, it was deemed necessary that an established physical presence be secured in Lagos and Ibadan. The Chairman, Mr. G. A. Akle bought a controlling stake in C. ZARD AND COMPANY LIMITED “CZ”, an old and established trading house with offices in Lagos and Ibadan in 1991, thereafter, became a Subsidiary of Gala Investments Limited.
Further downstream horizontal integration highlighted the need for a flexible packaging industry to serve the needs of a sister company, Nigerian Spinners and Dyers Limited on a captive and has developed into a fully-fledged Plastics unit. DOMINO PACKAGING LIMITED “DDL” commenced polypropylene film and conversion in 1988, and represents the plastics division. Another wholly owned Subsidiary of Gala Investments Limited.
Accordingly, in line with the Country’s post-independence Industrialization Drive, NIGERIAN SPINNERS AND DYERS LIMITED “NSD” was set up in Kano as a fully integrated Worsted Spinning Mill in 1969; the first fully integrated mill of its type in Sub Saharan Africa. Today it forms the core of the Textile Division within the Group and also a Subsidiary of Gala Investments Limited.
*1930s: The Genesis*
Mr. Assad Jebran Akle initiated the family's entrepreneurial journey as a produce buyer, importer, and consumables trader.
*1957: Transformative Transition*
The businesses evolved into a limited liability company, AKLE BROTHERS LIMITED (ABL), marking a significant milestone and becoming a wholly-owned subsidiary of Gala Investments Limited.
*1969: Spinning Innovation*
Aligned with the post-independence Industrialization Drive, NIGERIAN SPINNERS AND DYERS LIMITED (NSD) was established in Kano as the first fully integrated Worsted Spinning Mill in Sub-Saharan Africa. Today, NSD constitutes the core of the Textile Division within the Group and is a proud subsidiary of Gala Investments Limited with flagship brands such as "YEYE".
*1985: Printing & packaging *
Responding to the need for downstream horizontal integration, DOMINO PACKAGING LIMITED (DPL) emerged as a flexible packaging industry to cater to the requirements of sister company Nigerian Spinners and Dyers Limited.DPL began polypropylene film and conversion, solidifying its role as the division and another wholly-owned subsidiary of Gala Investments Limited.
*1991: Market Expansion in the South *
Under on Chairman Mr. G. A. Akle, Gala Investment Ltd.bought a majority share in C. ZARD AND COMPANY LIMITED (CZ), a reputable trading company with offices in Lagos and Ibadan, in order to access markets in the south. CZ subsequently became a subsidiary of Gala Investments Limited and the flagship of the Group in the AgroChemical & AgroAllied sector until the mid 2010s during which time it was a formally member of the agrochemicad association of Nigeria.
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Address
Gala Investments Limited, No 9 Zango Road [GATE B], Dakata, Kano.
Phone No
+234 (0) 705 899 2625
+234 (0) 705 899 2630
gala.kano@galainvestltd.com
info@galainvestltd.com