MABISCO ceases operations and plans plant sale for new business venture

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MABISCO ceases operations and plans plant sale for new business venture
MABISCO ceases operations and plans plant sale for new business venture

Mayor Biscuits Company Limited, a prominent Nigerian indigenous biscuits manufacturer, has announced its intention to sell its valuable biscuits plant to fund an entry into a new line of business.

The decision was made in a statement signed by the company’s Finance Director, Segun Matthew, following the closure of MABISCO’s operations in March this year.

MABISCO, within its seven-year presence in the Nigerian market, had successfully established a network of over 300 distributors nationwide and secured a notable 5% market share in the biscuits industry.

The company’s footprint extended across the North, West, and East regions of the country.

The statement outlined that the sale of the plant is open to two options: either selling the entire plant or selling its machinery.

According to Segun Matthew, the move to sell MABISCO is driven by a strategic desire to focus on the company’s core business competence.

MABISCO, founded in 2016, boasts state-of-the-art biscuits manufacturing technology, with a total capacity of 3.5 tonnes per hour and access to Shell LNG Gas terminal.

The plant is equipped with packing machines capable of processing 350 packs per minute. Situated in the Agbara Industrial Zone, Ogun State, MABISCO occupies a land area of 73,732.391 square meters.