Nairobi, Feb. 1 -- The owners of Nairobi Flour Mills, which was processing Jimbi maize and wheat brands, have put up the business for sale at an asking price of Sh400 million.

The sale offer marks increased deal making in the packaged food business, coming soon after Kitui Flour Mills (which trades under the Dola maize and wheat brand) acquired the assets of Rafiki Millers which ceased operations in April 2021.

Prospective buyers of Nairobi Flour Mills will take over its assets including equipment, godowns, offices and two plots measuring 1.124 acres in Nairobi's Industrial Area.

"The sale price is Sh400 million, negotiable. The owners closed down the milling plant. They are too old to manage it and this is why they are putting it up f...