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Company Description

Contact Info

140, Oba Akran Avenue

Industrial Estate




Phone: 234 1 2805070


Vitafoam Nigeria Plc, together with its subsidiaries, manufactures, markets, and distributes flexible, reconstituted, and rigid foam and fiber products in Nigeria and West Africa. It operates through two segments, Foam Products and Furniture/Other Products. The company offers visco-elastic foam products, inner core spring mattresses, and indoor and outdoor sports mats; fiber pillows, throw pillows, fiber crumbs, flat fibers, and beddings; elastic memory products; polyurethane and polyisocyanate rigid foam products, including sandwich panels, insulation boards, spray foams, pre-cut pipe sections, and fish crafts; and flexible foam products, which include baby mats, baby cot mattress, baby pillows, baby feeders, baby solid and back support products, and others. It also provides cushions and duvets; modular floating fish cage platforms for fish farming, and foam panels for thermal insulation of poultry farm houses; foam products for the cryogenic insulation of process plants and thermal insulation of oil and gas pipelines; foam products for the insulation of roofs and concrete platforms; composite panels for partitioning, cladding, and structures; thermal insulation panels and sections for the insulation of cold and chill rooms, clean rooms, and other controlled environment; and beddings and metal/wooden furniture products, chairs, and vehicle seats. The company’s products are used in offices, homes, health institutions, and hotels, as well as in oil and gas, automobile, and agricultural sectors. Vitafoam Nigeria Plc was founded in 1962 and is based in Lagos, Nigeria.


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Valuation VITAFOAM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.8x
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