Flour Mills of Nigeria (FMN) officially relaunched the Honeywell brand in mid-December 2024, reaffirming its commitment to delivering high-quality products and strengthening its market presence.
The relaunch follows FMN’s 2022 acquisition of a 71.69% stake in Honeywell Flour Mills Plc (HFMP), which was previously owned by Honeywell Group.
Flour Mills also acquired an additional 5.06% minority shareholding in HFMP from First Bank of Nigeria Ltd., solidifying its majority ownership.
At the time of the acquisition, FMN highlighted that this strategic move would expand its market reach across Nigeria, increase its manufacturing capacity, and provide consumers with higher-quality products.
Speaking at the event in Lagos, Mr. Devlin Hainsworth, Managing Director (Food) at FMN, described the relaunch as a significant step in reshaping the Honeywell brand.
Category Manager (Noodle), Ayokunle Iyiola, stated that despite inflationary pressures, FMN has no plans to increase the prices of its noodle products.
According to Mr. Devlin Hainsworth, Managing Director (Food) at Flour Mills of Nigeria (FMN), the company is focused on improving the quality of its products. “The Honeywell brand offers improved quality noodles and pasta, while the Honeywell semo or wheat provides enhanced quality and adjusted pack sizes,” he said.
Despite inflationary pressures, Ayokunle Iyiola, Category Manager (Noodle), confirmed that FMN does not plan to increase the prices of its noodle products.
Flour Mills of Nigeria (FMN) has been riding a strong buy trend throughout 2024, with significant gains intensifying in the latter part of the year.
The recent rebranding of its Honeywell portfolio is expected to boost shareholder confidence further, as the company continues to strengthen its market position and product offerings.