Skip to main content

Dangote Flour divests from noodles business, cedes assets to Dufil

DANGOTE Flour Mills, yesterday, announced it has exited its noodles business and has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. The company said in a statement that its regular business portfolio review reveal that the noodle business was not strategic to its vision. Alhaji Aliko Dangote It stated, “As part of its regular business portfolio review, Dangote Flour Mills (DFM) has exited its noodles business as it does not consider it strategic
. The company has sold the assets of Dangote Noodles 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 that with the divestment, Dangote Flour will now focus on its strengths in flour and pasta and become more profitable by improving in areas of quality, distribution and marketing. Mabo said,“The transaction which became effective last Monday 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.” He described the sale and transfer of assets as one of the most perfect divestments, with Dufil Prima Foods taking possession and kicking off production immediately, stressing, “Under the terms of sales agreement, Dufil Prima Foods, will continue to produce and sell noodles under the brand name, ‘Dangote Noodles’ for two years before changing the brand name.” Chief Executive Officer, Dufil Prima Foods, Deepak Singhal, confirmed the deal and described the acquisition of Dangote Noodles as strategic as they continue to seek more dominance of the noodles market.


Comments

Post a Comment

Popular posts from this blog

Upcoming Yoruba actress, Feyi Hassan releases sexy birthday pictures

Upcoming is a bit harsh to describe, pretty Yoruba actress, Feyisara Hassan, because already she has produced five films of her own, while featuring in plenty more. Feyi, who became a producer as a teenager added another year on Wednesday, April 26, 2017 and to celebrate the special day she released some sexy pictures to show another side of her person. Vulnerably beautiful, delicate and yet provocative, Feyi, slays minds in this shoot, without having to go over the edge. Happy birthday girl.
Post a Comment
www.bountifullink.blogspot.com»

Wike moves to ban 5,000 unapproved schools in Rivers

The Rivers State government says it has concluded plans to ban all unapproved schools operating in the state with effect from September this year. State Commissioner for Education, Prof. Kaniye Ebeku, disclosed this when he led members of the Rivers state House of Assembly Committee on Education on an inspection of ongoing rehabilitation work at Government Girls Secondary School, Rumuokwuta in company of officials of the state Ministry of Education. Prof. Ebeku said about five thousand illegal private schools are operating in the state. He said that publications will be done in both National and local papers in the coming days with the full names of the affected schools. According to Ebeku, “We found that there are so many unapproved quacks schools operating in the state and this is not acceptable for many reasons. They deliver poor quality education and because they are operating underground they are not paying required taxes as legitimate approved organizations. “We would not want ...
Post a Comment
www.bountifullink.blogspot.com»

.Kenyan President Ruto Unveils Cabinet Two Weeks After Swearing In

Kenyan President William Ruto on Tuesday named his first cabinet after winning a divisive election in August and defending his narrow victory in the country’s highest court. Ruto, who defeated his opponent Raila Odinga by some 200,000 votes, unveiled his new administration after calling the 26 ministers and cabinet-level appointees to a meeting at State House. Among those appointed were political allies whose support helped ensure Ruto, who served as deputy president in the former government, took the top job after an acrimonious campaign. The president thanked those who “worked and walked this journey to victory”. “Because of their contribution, because of their decision to work with us under very difficult circumstances, we won this election,” Ruto told reporters. Musalia Mudavadi, whose party forged an alliance with Ruto, was named prime cabinet secretary, answering directly to the president and his deputy. Alfred Mutua, a former governor whose party also sided with Ruto, was named ...
Post a Comment
www.bountifullink.blogspot.com»