Bright Foods anticipates more acquisitions in Australia
China’s Bright Foods is looking to continue its buying spree in Australia following the completion of its acquisition of a 75% stake Manassen Foods. It hopes to use the market as springboard to becoming an international food producer of scale.
Citing Bright Foods' Chairman Wang Zongnan, the Wall Street Journal reported that Bright Foods aims to grow its wine, dairy and sugar businesses via Australian acquisitions. Wang additionally wants to...
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