Bright Food
Consumer goods Food | |
Founded | August 2006Shanghai) | (
---|---|
Headquarters | , |
Area served | Worldwide |
Key people | Qin Dong (President) Shen Wi Ping (President of Shanghai Mailing) |
Products | Foods, beverages |
Revenue | US$19 billion (2014) |
Owner | Shanghai Municipal Government |
Subsidiaries | |
Website | www |
Bright Food (officially Bright Food (Group) Co., Ltd.) is a Chinese multinational food and beverage manufacturing company headquartered in Shanghai. It is the second-largest Chinese food manufacturing company measured by 2011 revenues.[2] The company is wholly owned by the Shanghai Municipal Government via Shanghai Municipal Investment Group and another sister company.[3]
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.[1]
History
In 1954, Songjiang Division Office decided to build a farm on the seashore of
Investments
In July 2010 Bright Food agreed to acquire a 51% stake in the New Zealand-based dairy producer Synlait for US$58 million.[6] However, as of September 2015, Bright Foods hold a 39.12% stake in Synlait.[7]
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.[8]
In August 2011 Bright Food agreed to acquire a 75% stake in the Australia-based food producer Manassen Foods for A$530 million.[9][10]
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.[11][12] This majority stake is set to be sold to US company Post Holdings for US$1.8 billion as of 18 April 2017.[13]
In May 2014, Bright Food agreed to acquire a 56% stake in the Israeli Dairy producer Tnuva for the sum of US$2.5 Billion.
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.[14]
In September 2015, Bright Foods expressed interest in
Products
Bright Food's products include:[17]
- Guangming (Bright) dairy products,
- Guansheyuan foodstuffs,
- Da Bai Tu (Big White Rabbit) candy,
- Maling canned foods,
- Bright ice cream products,
- Aquarius water,
- Shikumen rice wine,
- Yutang sugar,
- Tip Top pickled foods,
- Haifeng rice,
- Aiseng pork,
- Daying duck meat products, and
- Shengfeng chocolate.
In 2010 Bright Food had a 5.7% share of China's dairy products market, ranking fourth.[1] In the same year it had a 1.4% market share in the Chinese packaged foods market and a 1.6% share of the Chinese ice cream market.[1]
bright food are also in control of the Israeli dairy company “tnuva”, which have an 11% market share in israel’s food industry.
See also
References
- ^ a b c d "Bright Food to buy Australian producer". Shanghai Daily. 16 August 2011. Retrieved 22 May 2012.
- ^ "Bright Food Buys 60% of UK Cereal-Maker Weetabix". Bloomberg Businessweek. 3 May 2012. Archived from the original on 8 May 2012. Retrieved 22 May 2012.
- ^ "光明食品(集团)有限公司".
- ^ 上海市地方志办公室 (Office Of Shanghai Chronicle). 上海通志. 上海人民出版社. Retrieved 23 August 2019.
- ^ 上海农工商(集团)有限公司 (9 June 2004). "上海农工商(集团)有限公司关于本公司改制重组的报告书". 上海证券报. 新浪网. Retrieved 23 August 2019.
- ^ "China's Bright Dairy invests in NZ's Synlait". China Daily. 19 July 2010. Retrieved 22 May 2012.
- ^ "Shareholdings".
- ^ "Bright Food eyes UK's United Biscuits". China Daily. 28 September 2010. Retrieved 22 May 2012.
- ^ "Bright Food acquires 75% stake in Manassen Foods". China Daily. 29 August 2011. Retrieved 22 May 2012.
- ^ "China Bright Food to buy Manassen for over $516 million". Reuters. 14 August 2011. Retrieved 22 May 2012.
- ^ "China's Bright Food takes 60pc stake in Weetabix". The Telegraph. 3 May 2012. Retrieved 20 May 2012.
- ^ "Chinese food firm wolfs down Weetabix for £720m". The Guardian. 3 May 2012. Retrieved 22 May 2012.
- ^ "Weetabix to be sold to US company Post Holdings". BBC. 18 April 2017. Retrieved 18 April 2017.
- ^ reuters.com: "China's Bright Food buys majority stake in Italian olive oil group" Archived 2015-09-24 at the Wayback Machine, 7 Oct 2014
- ^ "Chinese buyers want 50 per cent of Silver Fern Farms".
- ^ "Silver Fern confirms Chinese investor".
- ^ "About us - Company Profile". Bright Food. Archived from the original on 28 March 2010. Retrieved 22 May 2012.
Further reading
- "A Bright future for Chinese food industry". China Daily. 18 May 2012. Retrieved 22 May 2012.