Olam Acquisition of Dangote Flour Mills
Olam submitted a binding offer to acquire 100% equity ownership of Dangote Flour Mills Plc (DFM), a leading flour and pasta manufacturer in Nigeria.
We source, trade, and process grains with a focus on wheat but also increasingly maize, barley, sorghum, rye, flaxseed, chickpeas and soybean meal.
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In Africa, we have facilities in Nigeria, Ghana, Cameroon and Senegal helping these countries to reduce import costs of refined wheat. With an unrelenting focus on food safety, innovation and cost efficiencies, we produce a range of quality flours for breads, baguettes, pasta noodles, biscuits, semolina and confectionery.
In addition, we market wheat and maize to many countries in Southern Africa, and We are expanding into North and West Africa. From our Durban office, we run our Atlantic freight desk, procurement, and risk management for all our mills.
More recently, we have entered the Animal Feeds and Protein sector in Nigeria, which is also helping to stimulate rural communities and support domestic food security.
Our physical presence in major origin and consuming countries for these products has given us an in-depth understanding of local market dynamics, helping us develop long-standing relationships with both producers and consumers.
“Although Olam is a relatively new entrant to the grains space, we have chosen to participate in niche segments rather than in mainstream trade flows where the global majors are well entrenched. This niche yet scalable growth strategy is working well for us.”
