April 19, 2017

Billionaire Dangote sells his Noodles firm to Indomie makers

Dangote Flour Mills has exited the noodles business and sold its assets to Dufil Prima Foods, who are the makers of Indomie noodles, saying it no longer consider it as strategic.

Dangote Flour Mills, which made the announcement on Tuesday, said in order to smoothen the transition, it had offered Dufil the use of some of its facilities on an interim basis.

The GMD, Dangote Flour Mills, Thabo Mabo, said the divestment is part of strategies of focusing on core areas of flour and pasta production, where the company has substantial market share.

He said that with the divestment, Dangote Flour would now focus on its strengths in flour and pasta and become more profitable by improving in areas of quality, distribution and marketing.

With the new development, some former employees of Dangote noodles would transit to Indomie.

Looks like Indomie is still the leader in the noodles business in Nigeria.

13 comments:

godwin progragrammer said...

issokay!

Anurika Onwu said...

Indomie remains the leader in noddles.

Onifade Joseph said...

Good development, since inception, am yet to see a home that served Dangote's noodles to her kids,
#Believe

Austine Gabriel said...

Yes indomiearr the leaders in noodles business

Nasiru Adoke said...

hmmmmm.all for business i guess

inumidun said...

Indomie been leading lik 4eva..

okorochas justin said...

Business man...

Rosemary Ezeji said...

Wish them well

Oladimeji Seun said...

We don hear o.

Ay360 said...

K

Queen Abiodun Ogunnika said...

Interesting

abdulrasaq abdulrafii said...

Nice transaction deal with what you good at

I. C Bruno said...

Is OK

10% Discount if You Book A Hotel on Jumia Travel. PROMO Code = Olufamous10