De United Foods Industries,Two others form Dufil Prima Foods

Dufil Prima Foods Plc makers of Indomie Instant Noodles has announced that it has just completed a Merger with three of its former subsidiaries, De United Foods Industries Limited (“De United), Northern Noodles Limited (NNL) and Pure Flour Mills Limited (PFM).

These three former subsidiaries have now been dissolved without winding up leaving Dufil Prima foods Plc as the surviving enlarged Company.

The company in a statement said the merger was achieved by a scheme of arrangement unanimously approved by the Shareholders of each Company and sanctioned by the Federal High Court and all appropriate

Regulatory Authorities.

“These Regulatory Authorities include but are not limited to the Securities and Exchange Commission (SEC), the Corporate Affairs Commission (CAC) and the Federal Board of Inland Revenue (FIRS). The consent of creditors was also duly obtained and the Federal Competition Commission and all other relevant Stakeholders duly notified.

“The Merger guarantees that Dufil Prima Foods Plc as the surviving and enlarged Company shall be a stronger and more dependable manufacturing company that has the critical mass, product line diversity, structure and market intelligence to compete in the same market as other big manufacturing companies.

This is an attractive combination for stakeholders: customers will benefit from our wider and betterintegrated array of products and services; employees will enjoy the advantages and opportunities of being a part of a larger, stronger company; and shareholders will have the opportunity to continue to participate in the success of a bigger enterprise, “it added.

The Chief Operating Officer, Dufil Prima Foods Plc, Adesh Jain in the statement said, “Following receipt of all regulatory approvals, the union between Dufil Prima Foods Plc, De United Foods Industries Ltd, Northern Noodles Ltd and Pure Flour Mills Ltd took effect from the 1st of June 2022 as stipulated in the Scheme of Arrangement.