Flour Mills of Nigeria: brands it owns and its ownership tree
Flour Mills of Nigeria is a privately held company headquartered in Apapa, Lagos, Nigeria that owns 4 consumer brands across 2 categories.[1]
Flour Mills of Nigeria was incorporated on 29 September 1960 as the country's first wheat miller and now mills flour, makes pasta, noodles, edible oil and refined sugar, and runs agro-allied, packaging and port businesses. Group revenue was ₦2.29 trillion in the year to March 2024, when Excelsior Shipping Company, beneficially owned by a trust set up by the late George S. Coumantaros, held 63%. The company has since been taken private and renamed Golden Penny Foods Limited.
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brands owned
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acquisitions recorded
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divestitures recorded
Company facts
- Legal name
- Golden Penny Foods Limited (also Flour Mills of Nigeria Plc, FMN, Golden Penny Foods)
- Type
- privately held company · see all privately held company owners
- Headquarters
- 🇳🇬 Apapa, Lagos, Nigeria
- Founded
- 1960
- Website
- fmnplc.com
- Last verified
- · 1 sources
Flour Mills of Nigeria in numbers
- Flour Mills of Nigeria owns 4 consumer brands tracked here across 2 top-level categories; the largest is food with 3 brands.[1]
Everything Flour Mills of Nigeria owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree →
Brand portfolio by category
Food (3)
- Golden Penny
- Honeywell (85.54%)
- Semovita
Beverages (1)
Latest news about Flour Mills of Nigeria
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Frequently asked questions
What brands does Flour Mills of Nigeria own?
Flour Mills of Nigeria owns 4 consumer brands tracked here, including Golden Penny, Honeywell, Semovita and Coco Crush.
Is Flour Mills of Nigeria a Nigerian company?
Yes. Flour Mills of Nigeria is headquartered in Apapa, Lagos, Nigeria and was founded in 1960.
Who owns Flour Mills of Nigeria?
Flour Mills of Nigeria is privately held. Flour Mills of Nigeria was incorporated on 29 September 1960 as the country's first wheat miller and now mills flour, makes pasta, noodles, edible oil and refined sugar, and runs agro-allied, packaging and port businesses.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Flour Mills of Nigeria Plc Annual Report 31 March 2024 — Flour Mills of Nigeria Plc, Annual report; retrieved 16 September 2026.
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