Bright Food adds Weetabix to foreign portfolio
China's Bright Food Group through a considerable amount of trial and error before sealing its first overseas acquisition last year, purchasing a 75% stake in Manassen Foods from CHAMP Private Equity for an enterprise valuation of $525 million.
A second deal has come much quicker. Last week, the Chinese food giant announced that it would buy a 60% interest in UK cereals company Weetabix from Lion Capital. The transaction values the company...
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