Recently, Honeywell Group Limited (HGL) announced the proposed combination of both Flour Mills of Nigeria and Honeywell Flour Mills Plc (HFMP), a portfolio company of Honeywell Group Limited, to create a more resilient national champion in the Nigerian foods industry and further enhance food security in the country.
As part of the agreement, Honeywell Group Limited will dispose of a stake in Honeywell Flour Mills Plc to Flour Mills of Nigeria. The proposed combination will bring together two trusted and entrenched brands, creating a single entity that is better…
