Bright Food reaches deal with Manassen Foods for 75 Chinese food group Bright Food has finally reached a deal with Manassen Foods to buy a 75% stake in the Australian food manufacturer from its current owners.
The remaining 25% shareholding in Manassen Foods will be retained by its current shareholders, including Roy Manassen, CHAMP Private Equity funds management, and members of the current senior management team. Manassen Foods has the Margaret River label and acts as a distributor for a stable of brands that includes Carr's, McVities, Ryvita, Bovril, Globus, Laughing Cow, Jelly Belly, Babybel, Sharwood's, Castello Cheese and Lemnos Fetta. Chairman Wang Zongnan of Bright Food, said his group is committed to working in partnership with Australian growers, suppliers, customers and the local management team in a factory store burberry way that benefits all stakeholders in Manassen Foods Zongnan also said Bright Food is committed to long term investment in the Australian food sector. He expects to achieve through expanding Manassen Foods domestic and export businesses to provide Australian products and brands with direct access to the Chinese market, which is one of the fastest growing markets for packaged foods in the world. Simultaneously, via Manassen Foods own distribution network, Bright Food intends to introduce its China sourced portfolio of products and brands into the Australian market. Mr Roy Manassen said, "This transaction represents a change for Manassen Foods as it brings value and real upside for us into China and the Asian region. Our backyard has just grown significantly and we have the opportunity to make a major contribution into the most exciting region on the planet. I am very pleased to be part of it." Bright Food senior executives are due to visit Australia later this month for an official signing ceremony. This transaction is subject to regulatory approvals including the Australian Foreign Institute Review Board and Chinese regulatory bodies. Other burberry outlet canada financial details of the agreement have not been fully disclosed. Woolworths petrol stations could be the start of something bigIf Woolworths decides to divest itself of petrol stations, it may miss out on future lucrative deals. Metcash burberry collection expected to finalise acquisition of Home Timber and HardwareIndependent supermarket wholesale burberry website group, Metcash, is expected to finalise its acquisition of Woolwor. Perfection Fresh and FruitMaster merge grape businessesAustralian fresh produce companies, Perfection Fresh and Fruit Master, have merged their table grape. FOOD IMPORTS AND EXPORTS SYMPOSIUM COMING UPOn Tuesday 22 November 2016 the FoodLegal Symposium on Imports and Exports "Promises and Pitfalls" w. Collins Foods' KFC and Sizzler international expansionCollins Foods, owner of a number of Australian KFC and Sizzler restaurants, has reported a jump in p.
Coffee ad taken off air over child sexualisation and bullying concernsA television advertisement for coffee chain Muzz Buzz has been removed from the air after receiving. Coke's Pump Water locks in AFL sponsorshipCoca Cola South Pacific's Pump has been announced as the official water of the Australian Football L. SumoSalad moves beyond food courts, new sites neededSumoSalad is on the hunt for new restaurant locations as part of a change in business strategy for t.
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