Bright Food nears Manassen Foods purchase
China’s Bright Food Group is set to acquire Australian food producer Manassen Foods from CHAMP Private Equity for a price that gives the company an enterprise value, including debt, of more than A$500 million ($516 million).
Citing sources close to the sales process, Reuters reported state-owned Bright Food would purchase a 75% stake in Manassen, which is best recognized for its Jelly Belly Jelly Beans, Carr's Water Crackers...
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