Meyer
Meyer PLC is a Nigerian-listed paint and coatings manufacturer (founded 1960) producing architectural, wood, auto refinish, industrial, marine, and adhesive products for enterprise and consumer markets across Nigeria.
- Company typePublic
- Founded1960
- HeadquartersIkeja, Nigeria
- Headcount51–100
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Meyer does
Meyer PLC is a Nigerian paint and coatings manufacturer incorporated in 1960 and listed on the Nigerian Stock Exchange (ticker: MEYER), headquartered in Ikeja, Lagos. The company manufactures and markets a diversified coatings portfolio across architectural (decorative) paints, wood finishes, automotive refinishes, industrial and marine coatings, road-lining paints, roof coatings, tube coatings, HP coatings, and adhesives. Its underlying technology centers on proprietary formulation, including a DFP (Durability Functionality Protection) additive system used in Wall Satin and Imperial Emulsion products for enhanced scrub resistance, with a single manufacturing facility in Lagos and four regional offices (Abuja, Ibadan, Port Harcourt) supporting nationwide distribution.
Meyer PLC operates a sales-led go-to-market model combining direct sales from its Lagos facility, regional offices targeting enterprise and contractor accounts, a network of six authorized distribution partners (Opalus, ABGLO, Homes & Environment, Aikawa General Merchant, House Paints & Coatings, Grevies Ventures) serving retail and SMB customers, and a direct e-commerce storefront at meyerpaints.com. Customers include major oil & gas operators (Chevron, Shell, Conoil, Forte Oil), banks (Zenith, FirstBank), and telecommunications (MTN Nigeria) on the enterprise side, alongside professional painters, auto body shops, individual homeowners, and industrial buyers in the consumer segment. Products are sold in standardized pack sizes (4L and 20L) at unit pricing with no disclosed subscription or recurring model, generating revenue through one-time transactional sales.
The company holds extensive regulatory and quality certifications including ISO 9001:2015, DPR, NOGIC JQS, NUPRC, SON Gold and Silver, and Nigerian Institute of Architects accreditation. It is one of only three major listed paint manufacturers in Nigeria alongside Berger Paints and Chemical & Allied Products Plc. In March 2026, the company appointed Sunday Asade as Managing Director/CEO, bringing 30+ years of cross-industry leadership, suggesting a potential operational and turnaround mandate. The reported H1 2025 cost-to-sales ratio of 62.5% is the highest among the three listed paint peers, indicating cost-positioning pressure that a new leadership team is likely positioned to address.
Meyer firmographics
Firmographics- Name
- Meyer
- Legal name
- Meyer PLC
- Website
- https://meyerpaints.com
- Company type
- Public
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Meyer PLC is a Nigerian-listed paint and coatings manufacturer (founded 1960) producing architectural, wood, auto refinish, industrial, marine, and adhesive products for enterprise and consumer markets across Nigeria.
- Ownership category
- akta.pro rank
Meyer industry classification
Industry- Product category
- Paint and Coatings Manufacturing
- NAICS
- Paint and Coating Manufacturing (325510), Paint, Coating, and Adhesive Manufacturing (3255)
- SIC
- Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)
- akta.pro primary industry
- Architectural & Decorative Coatings (IMAEAGAA)
- akta.pro secondary industries
- Industrial & Protective Coatings (IMAEAGAB), Wood Coatings & Finishes (IMAEAGAG), Wood Coatings & Finishes (IMADAKAD)
Keywords
Where Meyer is headquartered
LocationHeadquarters
- HQ city
- Ikeja
- HQ country
- Nigeria
- HQ region
- Africa
Offices4 records
Markets served
Meyer business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Paints and Coatings Sales: Manufacture and sale of high quality paints including architectural paints, wood paints, auto refinishes, industrial and marine coatings. Revenue generated through direct sales, regional offices, and distribution partners across Nigeria.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard paint products in multiple pack sizes |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Meyer product offering
Product offeringCore offering
Meyer PLC manufactures and markets high quality paints and coatings, including architectural/decorative paints, wood paints, auto refinishes, industrial and marine coatings, road lining paints, roof coatings, tube coatings, HP coatings, and adhesives. The company sells to professional painters, individual consumers, auto body shops, and enterprise customers in oil and gas, banking, and telecommunications sectors across Nigeria.
Differentiator
Problem solved
Functional benefit
Products and services
- Architectural / Decorative Paints
- Wood Finishes
- Auto Refinishes
- Industrial and Marine Coatings
- Adhesives
Quantifiable outcome
- Cost-to-sales ratio of 62.5% in H1 2025
Companies that use Meyer
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Meyer technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Meyer partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor.
- Opalus LTD.minorAuthorized distribution partner located at Suit A4 Habiba Plaza, 23 Alexander Crescent, Close to sherrif Plaza, Wuse 2 Abuja. Handles regional distribution of Meyer paint products in the Abuja area.
- ABGLO INT LTDminorAuthorized distribution partner located at Suit 7, Landmark Plaza, Plot 3124, Federal Housing Junction, IBB Way, Maitama, Abuja. Serves as a distribution channel for Meyer products in the Maitama area.
- Homes & EnvironmentminorDistribution partner with locations in Abuja (Suit 51, befs Plaza Opposite MFM, Utako) and Onitsha (103, Upper New Market Road, Anambra).
- Aikawa General MerchantminorNorthern Nigeria distribution partner located at No. 19 Kastina Road, Opposite Residential Hotel, Kano.
- House Paints & Coatings LTD.minorRegional distribution partner in Port Harcourt located at No 298 Peter Odili Road, Trans Amadi Industrial Estate, Port Harcourt.
- Grevies VenturesminorDistribution partner in Port Harcourt located at No.10 Nwogu Street, Rumuigbo, Port-Harcourt.
Scale indicators3 records
Recent moves8 records
Expansion highlights5 records
Meyer competitors and assessment
Company assessmentBroad incumbents
- PPG Industries: Global industrial and protective coatings leader; comparable to Meyer's oil & gas, marine, and industrial coatings offering, and a competitor for major industrial accounts in Nigeria.
- Dulux (Akzo Nobel): Global decorative and industrial coatings major with a strong Nigerian presence; competes with Meyer primarily in premium architectural and industrial coatings and represents the dominant multinational benchmark for product quality and brand.
- Sherwin-Williams: World's largest coatings company, with industrial, marine, and protective product lines comparable to Meyer's industrial and marine segment; relevant as a global benchmark for product breadth and R&D scale.
- Kansai Plascon (West Africa): Africa-focused coatings brand under Kansai Paint of Japan, with established operations in Nigeria and West Africa; overlaps with Meyer across decorative, automotive, and industrial coatings segments.
Emerging players
- Nirvana Paints Industries: West African paint manufacturer offering architectural and industrial coatings; a regional emerging competitor comparable to Meyer on product mix and end-market exposure.
- Grand Paints Nigeria: Nigerian decorative and industrial coatings producer with a growing footprint; comparable to Meyer as a domestic alternative competing on price and local distribution.
Direct peers
- Berger Paints Nigeria: Nigerian subsidiary of Berger International/Akzo Nobel and one of the other two major listed paint manufacturers in Nigeria, directly comparable to Meyer in product mix (architectural, industrial, marine, auto) and target market, with a lower cost-to-sales ratio (55% in H1 2025).
- Chemical and Allied Products (CAP) Plc: Nigerian licensee of Akzo Nobel paints and the third major listed paint manufacturer in Nigeria, with a cost-to-sales ratio of 56.2% in H1 2025; directly comparable to Meyer in architectural and industrial coatings for the Nigerian market.
Regional players
- Sipes Nigeria (Premier Paints): Nigerian paint manufacturer focused on decorative and industrial coatings; competes with Meyer in the same Nigerian market with a more limited product range.
- Chemstar Paints Nigeria: Nigerian paint manufacturer producing decorative, industrial, and marine coatings; directly comparable in scale and product mix to Meyer within the domestic market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Meyer social profiles
Digital presenceMeyer financial estimates
Financial estimateRevenue estimate
Valuation estimate
Meyer leadership team
Management profileNumber of profiles
Profiles9 records
Meyer funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Meyer M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Meyer
What does Meyer do?
Meyer PLC manufactures and markets high quality paints and coatings, including architectural/decorative paints, wood paints, auto refinishes, industrial and marine coatings, road lining paints, roof coatings, tube coatings, HP coatings, and adhesives. The company sells to professional painters, individual consumers, auto body shops, and enterprise customers in oil and gas, banking, and telecommunications sectors across Nigeria.
Is Meyer a public or private company?
Meyer is a public company. It is classified as public and is currently operating.
When was Meyer founded?
Meyer was founded in 1960. It employs 51 to 100 people.
Where is Meyer based?
Meyer is headquartered in Ikeja, Nigeria, in the Africa region.
How does Meyer make money?
One revenue line is on record: paints and Coatings Sales.
Who are Meyer's main competitors?
Broad incumbents on record are PPG Industries, Dulux (Akzo Nobel), Sherwin-Williams and Kansai Plascon (West Africa). Emerging players are Nirvana Paints Industries and Grand Paints Nigeria. Direct peers are Berger Paints Nigeria and Chemical and Allied Products (CAP) Plc. Regional players are Sipes Nigeria (Premier Paints) and Chemstar Paints Nigeria.
Does Meyer have an API?
No public API is recorded for Meyer.
What industry is Meyer in?
Meyer's product category is Paint and Coatings Manufacturing. Its primary akta.pro industry code is IMAEAGAA, Architectural & Decorative Coatings, with a secondary code of IMAEAGAB, Industrial & Protective Coatings. Its NAICS code is 325510 and its SIC code is 2851.