Dangote to merge salt, sugar, rice businesses into single company

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The merger will unite the salt maker with Dangote Sugar, owners of sub-Saharan Africa's largest sugar refinery, and Dangote Rice into a single entity.

NASCON Allied Industries Plc, the salt-making arm of the conglomerate Dangote Industries Limited, will contemplate a business combination with two other food companies in the group during a meeting of its directors’ board later this month.

The planned merger is coming some 31 months after the group’s fiercest rival, BUA Group, announced a similar move consolidating its food businesses – rice, sugar, flour, edible oils and flour – into a new company known as BUA Foods.

 

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