Wednesday, February 5, 2025
HomeBusinessFlour Mills to Acquire 76.8% stake in rival Honeywell Group at N80...

Flour Mills to Acquire 76.8% stake in rival Honeywell Group at N80 Billion

We are pleased to announce the proposed combination of Honeywell Flour Mills and Flour Mills of Nigeria and subject to regulatory approvals, this will combine businesses with shared goals, creating a more resilient national champion in the Nigerian foods industry, ensuring long-term job creation and preservation.

We are excited for the proposed combination of two trusted and entrenched brands, creating a single entity that is better positioned to benefit the growing Nigerian population. We’re looking forward to the next chapter!

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