Bright Food

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Bright Food "to buy 70% of Tnuva"

27 Feb 2015

China's Bright Food Group has reportedly upped the stake it plans to buy in Israeli grocer Tnuva to 70%.

Bright Food "planning Manassen IPO this year"

9 Jan 2015

Chinese food giant Bright Food Group is reportedly planning to list its Australian unit, Manassen Foods, this year.

Food industry quotes of the week: Yildiz, Muller

7 Nov 2014

This week, Turkey's Yildiz Holding struck a deal - said to be over GBP2bn - to buy United Biscuits and the Turkish group's CEO took to Twitter to hail the agreement. Meanwhile, German dairy giant Muller agreed to buy Dairy Crest's liquid dairy business in the second big deal of the week. Elsewhere, quarterly numbers continued to come in, with Mondelez International lifting its forecast for annual earnings.

Bright Food "eyes 2016 listings for Weetabix, Manassen"

6 Nov 2014

China's Bright Food Co. is reportedly targeting listings of UK breakfast cereal business Weetabix and Australian food group Manassen Foods in the next two years.

Bright Dairy earnings rise on sales gain

30 Oct 2014

Bright Dairy & Food Co., a listed subsidiary of Chinese food group Bright Food Co., reported higher sales and earnings for the first nine months of the year.

Editor's choice: the highlights on just-food last week

20 Oct 2014

Nestle came under investor scrutiny last week after its sales missed analyst expectations - with China a central factor. Elsewhere, we looked at the international strategy of one of China's largest food makers - Bright Food - in the wake of its acquisition of Italian olive oil firm Salov. And we spoke to the president of US investment firm BBX Capital after six acquisitions in the US confectionery sector in a year.

BRICs and beyond: How Bright Food is furthering its international strategy

14 Oct 2014

State-backed Chinese food giant Bright Food Co. continued to make progress with its "go global, bring in" ambition when it acquired a majority stake in Italian olive oil manufacturer Salov Group last week. The move is typical of Bright's international strategy as the group continues to further its agenda to grow globally and bring overseas brands to Chinese consumers. Katy Askew reports.

Bright "to take full control of Weetabix"

13 Oct 2014

Chinese food giant Bright Food is reportedly preparing to take full control of UK cereal business Weetabix.

Editor's choice: the highlights on just-food last week

13 Oct 2014

just-food reported direct from the annual IGD industry convention in London this week, with a leading light in the grocery retail sector ruffling a few feathers with comments about manufacturers and retailers. Elsewhere, China's Bright Food made its latest deal in Europe, with the acquisition of Filippo Berio olive oil owner Salov and we interviewed the CEO of Finsbury Food Group after the UK baker announced a move for local peer Fletchers Group.

Bright Food takes majority control of Filippo Berio olive oil maker Salov

8 Oct 2014

Bright Food Group has acquired a "majority" stake in Italian olive oil manufacturer Salov Group from the founding Fontana family.

United Biscuits "shortlists Kellogg, Burton's, Ulker"

25 Sep 2014

Blackstone Group and PAI Partners have reportedly shortlisted three potential buyers as they look to exit their investment in UK Jacob's and McVitie's maker United Biscuits.

CHINA: Bright Food signs tie-up with Ireland's Keelings

27 Jun 2014

Chinese state-owned food giant Bright Food Group has inked a co-operation agreement with Irish produce group Keelings in a bid to tighten supply chain security.

UK: ABF acquires Dorset Cereals

5 Jun 2014

Associated British Foods is understood to have entered an agreement to acquire up-market cereal brand Dorset Cereals.

Editor's choice: the highlights on just-food this week

27 May 2014

Japan's Mizkan Group got out the chequebook again this week, with the acquisition of Unilever's North American pasta sauces business. The deal followed its 2012 purchases of brands including Branston and Haywards from Premier Foods in the UK. Elsewhere, we ran interviews with the CEOs of UK pork processor and dairy group Adams Foods.

ISRAEL: Bright Food buys majority share in Tnuva

22 May 2014

China's Bright Food, which owns a controlling interest in UK cereal maker Weetabix, has confirmed the acquisition of a majority stake in Israeli food company Tnuva.

NZ: Synlait Milk confirms IPO, sets out plans

26 Jun 2013

New Zealand dairy ingredients and infant formula firm Synlait Milk has outlined plans for its IPO - and how it intends to spend the proceeds from the listing.

CHINA/NZ: Yashili International to build CNY1bn NZ dairy

11 Jan 2013

Yashili International is to spend CNY1.1bn (US$176.7m) to build a 52,000-tonne capacity dairy in New Zealand, via its recently established subsidiary in the country.

UK: Bright Food, Weetabix deal dominates M&A scene for 2012

7 Jan 2013

Food and drink deals, particularly the acquisition of Weetabix by China's Bright Food Group, dominated large-scale merger and acquisition activity in the UK in 2012, a new report by Experian shows.

NZ/CHINA: Inner Mongolia Yili Industrial Group to buy Oceania Dairy Group - report

2 Jan 2013

China's Inner Mongolia Yili Industrial Group has announced a deal to buy New Zealand's Oceania Dairy Group and plans to build an infant formula plant in the country, according to reports.

Deal or no deal: Who is in the running for United Biscuits' salty snacks?

28 Mar 2012

The private-equity owners of United Biscuits are considering offloading the salty snacks side of the business may come as little surprise, with the UK group set to be split in two. With the auction process expected to begin in several months time, Katy Askew takes a look at the likely suitors for the Hula Hoops maker.

AUS: Bright Food linked to NZ biscuit firm Griffin's

15 Dec 2011

Chinese food and drink group Bright Food has reportedly held talks with the private-equity owner of Griffin's over a possible deal for the New Zealand biscuit maker.

Quote, unquote: just-food's week in words

19 Aug 2011

Bright Food, the Chinese food group, has bought 75% of Australia's Manassen Foods in a major deal, a "step change" according to Roy Manassen, whose father set up the business. Elsewhere, Walkers Crisps stood by Gary Lineker in the face of reports the former striker's role in the company's advertising was set to diminish, stating: "There is no change whatsoever to Gary Lineker's role or relationship with Walkers Crisps." Here's the best of what was said on just-food this week.

Editor's choice: the highlights on just-food this week

19 Aug 2011

M&A talk has continued unabated, with ConAgra revealing its disappointment around its latest offer for Ralcorp being rebuffed. The owner of former Bright Food target United Biscuits has cooled reports that it is looking to split the manufacturer in two. Happier news for Bright Food this week, however, with the company reaching an agreement to buy Manassen Foods.

CHINA: Bright Food "nears Manassen Foods takeover"

15 Aug 2011

Bright Food, the Chinese food group, is reportedly set to take control of Australian branded food manufacturer and importer Manassen Foods.

AUS: Bright Food "in talks" to buy Manassen Foods

12 Jul 2011

Chinese food group Bright Food is reportedly in talks to buy Australian branded food manufacturer and importer Manassen Foods.

CHINA: Bright Dairy to build "Asia's largest dairy"

20 Apr 2011

Bright Dairy, one of China's major dairy manufacturers, is to invest about CNY1.4bn (US$214.5m) to build a new plant in Shanghai.

CHINA: Delpeyrat to establish Shanghai production

9 Mar 2011

French foie gras-to-ready meals maker Delpeyrat will establish a production base in Shanghai later this year.

FRANCE: PAI searches for "right" Yoplait partner for Sodiaal

4 Mar 2011

Private-equity firm PAI Partners, which is in talks to sell its half of Yoplait, has said it wants to find the "right partner" for Sodiaal, the French dairy co-op that plans to keep its stake in the yoghurt business.

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