Dangote Flour Mills has divested from the noodles business as it sold the Dangote noodle’s asset to Dufil Prima Foods, makers of Indomie noodles, the company announced on Tuesday.
In a statement released to the effect, the Group Managing Director, Dangote Flour Mills, Thabo Mabo said the noodle business was not strategic to the company’s vision.
He said the divestment was part of strategies of focusing on core areas of flour and pasta production.
The statement read in part, “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.”