China Huiyuan Juice Group has agreed to buy fruit puree and bottled milk company Jiangsu Huiyuan, according to local reports.

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Xinhua Financial Network reported today (18 June), that the company has agreed to buy a 75% stake in Jiangsu Huiyuan for CNY82.2m (US$10.77m) from Beijing Huiyuan Beverage & Food Group.


China Huiyuan has also entered into an agreement with a Hong Kong company, Keen Fast, to buy the remaining 25% of the beverage company for CNY27.40m.


China Huiyuan plans to convert Jiangsu Huiyuan’s facilities for the production of fruit and vegetable juice with a capacity of 100,000 tons by August.

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