Flour Mills of Nigeria to acquire a 71.69% stake in Honeywell Flour Mills in a $194m deal.

Flour Mills of Nigeria, a grain milling services provider, agreed to acquire a 71.69% stake in Honeywell Flour Mills, a grain miller, in a $194m deal. ‘The proposed transaction ts part of our global growth strategy; which is aligned with our vision to not only be an industry leader but also, a national champion for Nigeria in the food and agro-allied industries," Omoboyede Olusanya, Flour Mills of Nigeria Group Managing Director.