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Thika miller buys out rival in Sh200 million deal
An attendant stocks maize flour on a shelf at a Nyeri supermarket. Thika-based Capwell Industries has bought the maize milling assets of Chania Flour Mills. FILE PHOTO | JOSEPH KANYI |
The manufacturer of the Soko maize flour has bought out a rival miller for more than Sh200 million as it seeks to expand its market share in the competitive packaged food business.
Thika-based Capwell Industries, which also produces Pearl and Ranee rice brands, has bought the maize milling assets of neighbouring Chania Flour Mills, which produces Chania Star and Chania Citizen brands.
