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Food and beverage mergers and acquisitions in Australia in 2014

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Food and beverage mergers and acquisitions in Australia in 2014 Earlier in December 2014, Australian Food News reported that food manufacturing was one of four manufacturing sub-sectors to expand in November...

Murray Goulburn tipped to bid for Peters Ice Cream

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Peters Ice Cream could be for sale again, with Murray Goulburn tipped to bid for ownership There is growing speculation that Australian ice cream brand Peters Ice Cream could be for sale, with dairy co-operative...

Bright Food reaches deal with Manassen Foods for 75% stake

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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...

Bright Food said to have bought 75% stake in Manassen Foods

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Chinese food group Bright Food has reportedly agreed to buy a 75 per cent stake in Australian-branded food manufacturer and importer Manassen Foods. A Reuters report said yesterday (14 July 2011) the stake...

Bright Food “in talks” to buy Manassen Foods

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Chinese food group Bright Food is reportedly in talks to buy Australian branded food manufacturer and importer Manassen Foods.Manassen Foods sells its own brands – including dairy products under...

Bright Dairy to build “Asia’s largest dairy”

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Bright Dairy, one of China’s major dairy manufacturers, is to invest about CNY1.4bn (US$214.5m) to build a new plant in Shanghai.The plant, which will make fresh milk, UHT milk and yoghurt, is scheduled...

PAI searches for “right” Yoplait partner for Sodiaal

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Private-equity firm PAI Partners, which is in talks to sell its half of Yoplait, has said it wants to find the “right partner” for Sodiaal, the French dairy co-op that plans to keep its stake...

“Nine bids” tabled for PAI Partners’ Yoplait stake

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Private-equity firm PAI Partners has reportedly received nine bids for its 50% stake in global yoghurt business Yoplait. According to a report in French newspaper Le Journal du Dimanche yesterday (6 February),...

Bright Food’s bid to buy United Biscuits “nears collapse”

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Talks to sell UK-based snack group United Biscuits, manufacturer of McVities, to China’s Bright Food are “effectively dead,” the Wall Street Journal has reported. Citing sources familiar...

Bright Food “in talks” to buy United Biscuits

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Chinese food group Bright Food is in talks to purchase UK-based United Biscuits, owner of the McVities brand, according to reports. It is understood that the deal, which would be the largest-ever overseas...