In the wee hours of May 22 Beijing time, Bright Food and the VC under Apax Partner, a UK-based private equity investment company, concluded a preliminary agreement in Tel Aviv of Israel with Tnuva – the biggest food company in Israel – regarding acquisition of 56% of its stock equity.

Established 85 years ago, Tnuva has grown from a humble agricultural cooperative to the biggest food company in Israel. It is specialized in manufacture, distribution and sales of various food including dairy products, frozen vegetable, egg product, meat product and pastry.

As the giant food player in Israel, a country with highly advanced agricultural and animal husbandry sectors, Tnuva occupies a great amount of local food market shares with its time-honored brands and rich supply of various quality products. The collaboration between the two food giants in China and Israel will enable each other to share their advantages and achieve a win-win success in terms of product innovation, technical research, business cooperation, etc.