Morocco-based mattress manufacturer, Dolidol, has acquired Nigerian premier mattress and foam maker, Mouka for $60 million to increase its footprint across Africa. The announcement was made by Investment firm, Development Partners International, who currently is backing Dolidol, having invested $30 million in the company in 2018.
Established in 1972, Dolidol, a subsidiary of Palmeraie Industries and Services, is a market-leading operator in Francophone Africa involved in the manufacturing and distribution of bedding and mattress products. It currently has operations in five countries including Morocco and Côte d’Ivoire.
As Dolidol expands its reach across Africa with the acquisition of Mouka, the mattress and bedding industry continues to evolve with a growing demand for premium, luxury solutions. In this dynamic market, brands like Downland Bedding Company are leading the way by offering sophisticated and high-quality bedding products that cater to the discerning consumer.
Whether it’s a perfectly engineered mattress or a selection of plush pillows, Downland Bedding provides a touch of elegance and comfort that transforms any bedroom into a serene retreat. With an emphasis on luxurious materials and expert craftsmanship, their products are designed to support both a restful night’s sleep and a refined aesthetic for the modern home.
Founded in 1959 by the Moukarim Family, a Lebanese family based in Nigeria, Mouka is a polyurethane foam mattress manufacturer with three factories strategically located in Nigeria.
Since DPI’s investment in Dolidol in 2018, the firm has helped the business consolidate its market-leading position in Morocco, while working closely with management to support the company’s regional expansion strategy, including its development into Ivory Coast, where it has become the number one player in the market.
Sofiane Lahmar, DPI Partner, says: “As the most populous country in Africa, Nigeria shares many of the same trends as the continent, including positive demographics, a fast-growing middle class and rising consumer spending. Dolidol’s acquisition of Mouka presents an exciting opportunity for growth, creating a greatly expanded addressable market, and enables the business to accelerate its growth in West Africa, while continuing to expand its footprint across the continent. We remain confident in the future of the business and look forward to working with both management teams to execute the company’s ambitious strategy and vision.”
Saad Berrada, Chairman of Dolidol, says: “Today’s announcement represents an important milestone for our company and creates a regional champion in North and West Africa well placed to serve the fast growing African market. We are looking forward to partnering with Ray Murphy and his management team as we focus on achieving our expansion strategy across the continent.”
