Inner Mongolia’s Mengniu Dairy and Yili Group Vie for Dairy Supremacy

Shares in Inner Mongolia Yili Industrial Group Co and China Mengniu Dairy Co have soared to all-time highs as the companies hunt aggressively to build up their milk supply chains through foreign acquisitions. With China’s dairy demand forecast to grow 37 percent to $76 billion in five years-overtaking the United States to become the world’s

Bright Dairy’s Synlait to Boost its Supply of Infant Formula to Sichuan’s New Hope Nutritionals

Synlait Milk Limited, the New Zealand Exchange NZX-listed milk processor, announced on Wednesday [16 August 2017] a new supply agreement with China’s New Hope Nutritionals for production of their infant formula brands. The agreement secures a threefold increase from current volumes over the five-year period, said a Synlait statement…Full Article: ECNS.cn Aug 2017 Key Point

Bright Food to Absorb State-Owned Shanghai Fisheries Group

The Shanghai municipal government announced a fresh round of reform and restructuring of local State-owned enterprises on Thursday [18 May 2017]. As part of the reform, Bright Food (Group) Co Ltd will absorb Shanghai Fisheries Group Co Ltd. Shanghai Fisheries will thus become a wholly owned subsidiary of Bright Food…Full Article: China Daily May 2017

Shanghai’s Bright Food to Sell a Majority Stake of its Weetabix Cereal Investment to USA’s Post Holdings

Shanghai-based food conglomerate Bright Food Group Co has confirmed it will sell the majority of its stake in UK cereal brand Weetabix to U.S. cereal company Post Holdings, the group’s spokesman told China Daily on Tuesday [18 April 2017]. The sale is projected to be worth $1.76 billion, according to Reuters. Bright Food will remain

Bright Food Group’s Shanghai Maling Completes 50% Acquisition of New Zealand’s Silver Fern Farms

China’s biggest meat processor completed a deal Tuesday [6 December 2016] to buy a half stake of New Zealand’s biggest meat cooperative. The deal sees Shanghai Maling take a 50-percent interest in Silver Fern Farms (SFF) at a price of NZ$267 million ($190.58 million)…Full Article: China Daily Dec 2016 Key Point New Zealand’s Silver Fern

New Zealand’s Government Approves 50% Purchase of Silver Fern Farms by Bright Food Group’s Shanghai Maling

Authorities in New Zealand on Tuesday [20 September 2016] gave the final go-ahead to the country’s biggest meat cooperative to sell a half stake to China’s biggest meat processor. Minister for Land Information Louise Upston and Associate Minister for Finance Paula Bennett gave the approval of Shanghai Maling’s application to purchase a 50-percent interest in

Shareholders of New Zealand’s Silver Farms Balk at 50% Sale to Bright Food’s Shanghai Maling Aquarius

Shareholders in New Zealand’s biggest meat cooperative will hold a second vote on July 11 on whether to go ahead with a tie-up with China’s biggest meat processor, although the cooperative’s board has vowed to ignore the result and press ahead with the deal. Silver Fern Farms announced the date for the special meeting Friday,