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English>>Special Coverage >> Bright Food (Group) Co., Ltd.

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

(People's Daily Online)

10:36, April 02, 2013

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.

Email|Print|Comments(Editor:GaoYinan、Chen Lidan)

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