A Moroccan company, Dolidol, a market-leading operator in Francophone Africa which manufactures and distributes bedding and mattress products, has acquired the Nigerian giant, Mouka with an investment of $60 million.
Investment firm, Development Partners International (DPI), publicized the signing of Dolidol’s acquisition of Mouka, making Dolidol a regional champion and leader in the African bedding and mattress industry.
The subsidiary of Palmeraie Holding, which operates in the polyurethane foam and bedding sector, is said to be accelerating its African expansion through a successful operation in Nigeria.
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In May 2021, the Moroccan mattress maker, Dolidol announced plans to make an acquisition in Nigeria in order to establish its presence in Africa’s largest economy and expand its base in West Africa. However, its potential target at the time was not made known.
