SIAT Group, the African agro-industrial company and majority shareholder of Presco Plc, is positioning its next phase of growth around the same long-term investment philosophy that has shaped its expansion across Nigeria and Ghana for more than three decades.
The group’s leadership said this at the SIAT Forward event held in Lagos on Friday, where founding family members, former directors, board members, executives, financial partners, and other stakeholders gathered to reflect on the company’s history and its future.
The event, themed “Legacy, Leadership & the Future,” highlighted how the group evolved from a Belgian investment company into an integrated agricultural business with operations spanning plantation development, cultivation, processing and downstream activities in Africa.
SIAT was incorporated under Belgian law in 1991 under the leadership of Pierre Vandebeeck. Its African journey began in the same year with the acquisition of Presco in Nigeria, before expanding to Ghana through the acquisition of Ghana Oil Palm Development Company (GOPDC) in 1995.
More than three decades later, the group says its businesses in Nigeria and Ghana employ more than 17,000 people while supporting thousands of smallholder farmers and rural communities.
