Delisi Food Co, a Shenzhen-listed food supplier, has bought a 45 percent stake in Australia’s fourth-largest meat processor as beef imports into China continue to rise. The investment in Bindaree Beef Group is estimated to be worth $105 million, according to Australian press reports. The deal will enable the Australian company to use Delisi’s extensive Chinese sales platform…Full Article: ECNS.cn Oct 2015
- The investment by Delisi Food, if approved by Australia’s Foreign Investment Review Board, will partly be used to develop upgrading Bindaree’s meat-processing plants in eastern Australia.
- Founded as early as 1989 and headquartered in Zhucheng, Shandong province, Shandong Delisi Food Co Ltd is a major pork processor. The company also produces and distributes chilled meat products (e.g. chicken, liver, etc.) as well as sesame balls and pasta. The company was listed on the Shenzhen Stock Exchange in 2010.