Flour Mills of Nigeria

Flour Mills of Nigeria (FMN)
Company typePublic
NGX: FLOURMILLS
ISINNGFLOURMILL0
IndustryFood and Agro-allied Group
FoundedSeptember 29, 1960; 64 years ago (1960-09-29)
FounderGeorge S. Coumantaros
HeadquartersLagos, Nigeria
Revenue₦2.3 Trillion ($1.6 Billion) (2023/2024)
Number of employees
12,000 (2017)
ParentExcelsior Shipping Co. Ltd.
Websitewww.fmnplc.com

Flour Mills of Nigeria (FMN) also known as FMN Group is a Nigerian diversified agribusiness company, it was founded in 1960 by George S. Coumantaros. It is one of the leading FMCG companies in Nigeria and West Africa. FMN employs over 12,000 people.[1]

FMN was founded by George S. Coumantaros in 1960 as a private limited company and in 1978 became a public company, with its shares listed on the Nigerian Stock Exchange.[1]

The chairman of FMN since 2014, and its former CEO is the founder's son, John Coumantaros.[2][3] The CEO is Omoboyede Olusanya.[4]

Flour Mills today, is a holding company with a vertically integrated business model.

The flagship brand of the company is Golden Penny Flour.[5]

  1. ^ a b "About Us". FMN. Retrieved 2017-08-01.
  2. ^ John George Coumantaros (2014-09-10). "John George Coumantaros: Executive Profile & Biography". Bloomberg. Retrieved 2017-07-01.
  3. ^ "John Coumantaros, Director". Oxbow.com. Archived from the original on 2017-06-21. Retrieved 2017-07-01.
  4. ^ "Boye Olusanya, Flour Mills of Nigeria PLC: Profile and Biography". Bloomberg News.
  5. ^ Cite error: The named reference corp was invoked but never defined (see the help page).