csrreporters 
Cavista Holdings has acquired Matna Foods as part of its strategic push to deepen its footprint across Nigeria’s cassava value chain and advance sustainable agro-industrial growth.
Speaking on the acquisition, Cavista Holdings’ Chairman, Niyi John Olajide, said the move reflects the company’s long term investment philosophy of reviving and scaling under-utilised assets for lasting impact.
Cavista’s strategy has always been centred on identifying assets with strong fundamentals and repositioning them for sustainable growth,” Olajide said. “Our acquisition of Matna Foods follows this same discipline expanding capacity, improving operational efficiency, creating jobs, and contributing meaningfully to food security and industrial development.
Through the acquisition, Cavista aims to strengthen its cassava processing capabilities while increasing cassava offtake from local farmers.
The investment is expected to provide more predictable demand for cassava, support rural livelihoods, and enhance income stability for smallholder and out-grower farmers, particularly across South-West Nigeria.
Cavista Holdings confirmed that Matna Foods remains fully operational and open for business, with plans underway to scale production capacity, modernise key processing operations, and deepen engagement with farmers, suppliers, and industrial customers.
The acquisition also complements Cavista’s broader agribusiness ecosystem.
Agbeyewa Industries, a Cavista portfolio company, operates Nigeria’s largest cassava farm and manages an extensive in-grower and out-grower scheme that integrates thousands of farmers into a structured and reliable supply network. Matna Foods, with over two decades of experience, adds proven expertise in processing cassava starch to international standards for food and industrial applications.
Together, the combined strengths of Agbeyewa Industries and Matna Foods are expected to enhance value addition, improve supply chain efficiency, and reinforce Cavista Holdings’ commitment to building resilient agricultural value chains in Nigeria.