Bright Food’s acquisition of Weetabix becomes Top 10 M&A deals in global food and beverage industry in 2012

According to the latest statistics of Thomson One, Bright Food’s purchase of Weetabix ranks the 7th in terms of transaction value among all M&A deals in the global food and beverage industry in 2012. Meanwhile, it has also secured the 7th place among all overseas M&A deals that Chinese enterprises concluded in 2012. As also indicated by the statistics, this is the largest overseas M&A deal for Chinese food and beverage companies, registering an unprecedented transaction value over twice as much as that of the runner-up.

Driven by the increasing foreign reserves and policy guidance, China is witnessing a surge in overseas M&A deals, with the five-year compound average growth rate reaching 13.3 percent; however, M&A deals of Chinese companies still constitute a small share in the global market and the efforts are mainly seen in resources sectors. Bright Food’s M&A deal this time has broken the old pattern dominated by resources sectors. As commented by the Financial Times, Bright Food has set an example for Chinese companies by introducing a world-renowned brand and valuable experience to China.