Dangote Floor divests from noodles production … sells firm to Indomie maker, Dufil
In a bid to focus on its core areas of business, Dangote Flour Mills (DFM) Tuesday announced that has exited its noodles business, on the ground of not the segment of business strategic.
The company sold the business to Dufil Prima Foods, makers of Indomie Noodles.
To smoothen the transition, DFM has offered Dufil the use of some of its facilities on an interim basis.
The noodles business was part of Dangote Flour Mills which the Dangote Group recently re-acquired from Tiger Brands.
Group Managing Director, Dangote Flour Mills, Thabo Mabo, said the divestment was part of strategies of focusing on core areas of flour and pasta production where the company has substantial market share.
He said 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.
The transaction, which became effective last Monday, according to him, “is a win-win situation for Dangote Flour Mills, Dufil Prima Foods and staff of Dangote Noodles,” as Dangote Flour stands to boost more market presence through robust marketing.