An 85% stake in dairy foods producer Beijing Kraft Food Co has been purchased by city government-controlled conglomerate Beijing Enterprises Holdings for US$12.24m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The takeover was completed through Beijing San Yuan Foods Co, in which Beijing Enterprises holds a 72% stake


Beijing Kraft Food, set up in 1993 and previously owned by US cigarette giant Philip Morris Cos and its subsidiary Kraft Foods, posted net assets of US$18.12m at the end of September 2000. San Yuan aims to increase the company’s daily production by about a third.


Beijing Agriculture Industrial and Commercial United Corp, a Chinese company, meanwhile controls the remaining 15% stake in Beijing Kraft.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now