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DUFIL consolidates market position with acquisition of May&Baker Noodles

The Nigerian food business sector has continued to witness intense consolidation from major players in order to broaden their market share and improve profitability. This tide in mergers, and acquisitions continues to ebb and flow within the fast moving consumer goods (FMCG) sector with the latest acquisition by Dufil Prima Foods topping the list of the latest deals in the noodles sector. Industry observers believe the recent acquisition of three noodles production lines of May&Baker Nigeria Plc by Dufil Prima Foods Plc will consolidate and strengthen Indomie’s position as a market leader in the Instant Noodles segment and ratify its position as the number one noodles brand in Nigeria.

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