Bright Foods
 |
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| State-owned limited company | |
| Industry | Consumer goods |
| Founded | August 2006 (Shanghai) |
| Headquarters | Shanghai, China |
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Area served
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Worldwide |
|
Key people
|
Qin Dong (President) Shen Wi Ping (President of Shanghai Mailing) |
| Products | Foods, beverages |
| Revenue | US$19 billion (2014) |
| Owner | Government of China |
| Subsidiaries |
|
| Website | english |
Qin Dong (President)
Bright Food (officially Bright Food (Group) Co., Ltd.) is a multinational food and beverages manufacturing company headquartered in Shanghai, China. It is the second-largest China-based food manufacturing company measured by 2011 revenues. The company is wholly owned by the Chinese state.
Bright Food has four listed subsidiaries. Bright Dairy & Food Co., Ltd., Shanghai First Provisions Store Co., Ltd., Shanghai Maling Aquarius Co., Ltd. and Shanghai Haibo Co., Ltd.
In July 2010 Bright Food agreed to acquire a 51% stake in the New Zealand-based dairy producer Synlait for US$58 million. However, as of September 2015, Bright Foods hold a 39.12% in Synlait.
In September 2010 Bright Food entered into exclusive discussions for the acquisition of the British snack food manufacturer United Biscuits, but the talks did not result in an acquisition.
In August 2011 Bright Food agreed to acquire a 75% stake in the Australia-based food producer Manassen Foods for A$530 million.
In May 2012 Bright Food agreed to acquire a 60% stake in the British breakfast cereals manufacturer Weetabix Limited in a £1.2 billion deal. This majority stake is set to be sold to US company Post Holdings for 1.8 billion USD as of 18 April, 2017.
In May 2014, Bright Food agreed to acquire a 56% stake in the Israeli Dairy producer Tnuva for the sum of 2.5 Billion USD.
In October 2014 Bright Food agreed to acquire a majority stake in Italian olive oil producer Salov, which includes the Filippo Berio and Sagra Brands.
In September 2015, Bright Foods expressed interest in New Zealand dairy and meat company Silver Fern Farms by initiating a $100 million buyout of 50% of SFF. On 15 September, it was reported by The New Zealand Herald that Bright Foods subsidiary Shanghai Maling Aquarius Co., Ltd, had reached a $NZ261 Million deal to acquire 50% of Silver Fern Farms.
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Wikipedia