Indomie buys Dangote company

Dangote Flour Mills, on Tuesday, announced it has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles.

“As part of its regular business portfolio review, Dangote Flour Mills (DFM) has exited its noodles business as it does not consider it strategic,” general managing director Thabo Mabo said.

“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 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.

“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.”

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“The noodles business was part of Dangote Flour Mills which the Dangote Group recently re-acquired from Tiger Brands,” Mabo said.

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.