Date
23 August 2017

Bright Food buys second Australian firm, paper says

Bright Food Group Co. Ltd., China’s second-largest food producer, has acquired a midsized Australian dairy company following the purchase of Manassen Foods in the same country, China Daily reported Tuesday, citing a company spokesman. Manassen, in which Bright Food has a 75 percent stake, has signed a deal to buy Mundella Foods, a four-decade-old company in Western Australia, Bright Food spokesman Pan Jianjun said. The deal will make Mundella a wholly owned subsidiary of Manassen, a supplier and distributor of local and international foods, the report said, adding that financial details of the deal were not disclosed.

– Contact HKEJ [email protected]

SK/CG

 

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