Bright Food

Last updated
Bright Food (Group) Co., Ltd.
(Shanghai Farm Administration)
Company type State-owned limited company
Industry Beverages
Consumer goods
Food
FoundedAugust 2006 (August 2006) (Shanghai)
Headquarters
Shanghai
,
China
Area served
Worldwide
Key people
 Qin Dong (President) Shen Wi Ping (President of Shanghai Mailing)
ProductsFoods, beverages
RevenueUS$19 billion (2014)
OwnerShanghai Municipal Government
Subsidiaries
  • Manassen Foods (75%)
  • Bright Dairy & Food Co., Ltd. (51.62%)
  • Shanghai First Provisions Store Co., Ltd. (100%)
  • Shanghai Maling Aquarius Co., Ltd. (100%)
  • Shanghai Haibo Co., Ltd. (100%) [1]
  • Tnuva (56%)
  • Società per Azioni Lucchese Olii e Vini (SALOV)
Website www.brightfood.com

Bright Food (officially Bright Food (Group) Co., Ltd.) is a Chinese multinational food and beverage manufacturing company headquartered in Shanghai. It is the second-largest Chinese food manufacturing company measured by 2011 revenues. [2] The company is wholly owned by the Shanghai Municipal Government via Shanghai Municipal Investment Group and another sister company. [3]

Contents

Bright Food has four listed subsidiaries. Bright Dairy & Food Co., Ltd., Shanghai First Provisions Store Co., Ltd., Shanghai Maling Aquarius Co., Ltd. and Shanghai Haibo Co., Ltd. [1]

History

In 1954, Songjiang Division Office decided to build a farm on the seashore of Fengxian. In 1959, Shanghai Municipality also decided to build farms on Chongming Island. At the time of 1960, 16 farms are built on the beach in Fengxian County and on Chongming and Changxing Islands. To administrate these farms, Shanghai Agricultural Reclamation Administration (上海市农垦管理局) was set up in 1963 and was renamed to Shanghai Farm Administration (上海市农场管理局) in 1970. During this time, Huangshan Tea and Forest Farm and Lianjiang Farm was established in Anhui. In 1973, Shanghai Municipal Shanghai Farm (上海市上海农场) was officially established in Dafeng, Jiangsu as an exclave. In 1980, Shanghai Municipality decided to establish the Shanghai Agricultural Reclamation and Industrial and Commercial Joint Enterprise Corporation (上海市农垦农工商联合企业总公司), which is the other brand (一个机构、两块牌子) of the Farm Administration. In 1994, the Farm administration was officially transformed into a company, Shanghai Agricultural Industry and Commerce (Group) Corporation (上海市农工商（集团）总公司), and the brand of Farm administration was reserved for transition period proposes. [4] In 2004, the group was renamed to Shanghai NGS (Group) Co., Ltd.(上海农工商（集团）有限公司), a state-own limited company. [5] In 2006, With Yiming No.1 Food Factory (Group)  [ zh ], the holder of the Bright brand, Shanghai Sugar Industry Tobacco and Alcohol Group and some subsidiaries of Jinjiang International merged, a new food group was established and NGS Group was renamed to Bright Food (Group) Co., Ltd.

Investments

In July 2010 Bright Food agreed to acquire a 51% stake in the New Zealand-based dairy producer Synlait for US$58 million. [6] However, as of September 2015, Bright Foods hold a 39.12% stake in Synlait. [7]

In September 2010 Bright Food entered into exclusive discussions for the acquisition of the British snack food manufacturer United Biscuits, but the talks did not result in an acquisition. [8]

In August 2011 Bright Food agreed to acquire a 75% stake in the Australia-based food producer Manassen Foods for A$530 million. [9] [10]

In May 2012 Bright Food agreed to acquire a 60% stake in the British breakfast cereals manufacturer Weetabix Limited in a £1.2 billion deal. [11] [12] This majority stake is set to be sold to US company Post Holdings for US$1.8 billion as of 18 April 2017. [13]

In May 2014, Bright Food agreed to acquire a 56% stake in the Israeli Dairy producer Tnuva for the sum of US$2.5 Billion.

In October 2014 Bright Food agreed to acquire a majority stake in Italian olive oil producer Salov, which includes the Filippo Berio and Sagra Brands. [14]

In September 2015, Bright Foods expressed interest in New Zealand dairy and meat company Silver Fern Farms by initiating a $100 million buyout of 50% of SFF. [15] On 15 September, it was reported by The New Zealand Herald that Bright Foods subsidiary Shanghai Maling Aquarius Co., Ltd, had reached a $NZ261 Million deal to acquire 50% of Silver Fern Farms. [16]

Products

Bright Food's products include: [17]

Market share

In 2010 Bright Food had a 5.7% share of China's dairy products market, ranking fourth. [1] In the same year it had a 1.4% market share in the Chinese packaged foods market and a 1.6% share of the Chinese ice cream market. [1]

bright food are also in control of the Israeli dairy company “tnuva”, which have an 11% market share in israel’s food industry.

See also

Related Research Articles

<span class="mw-page-title-main">SAIC-GM</span> Joint venture between General Motors and SAIC Motor

SAIC General Motors Corporation Limited is a joint venture between General Motors Company and SAIC Motor that manufactures and sells Chevrolet, Buick, and Cadillac brand automobiles in Mainland China.

<span class="mw-page-title-main">Minhang, Shanghai</span> District in Shanghai, Peoples Republic of China

Minhang District is a suburban district of Shanghai with a land area of 371.57 km2 (143.46 sq mi) and population of 2,653,489 residents as of 2020. The original Minhang consist of present-day Jiangchuan Road Subdistrict and the eastern strip of Wujing along the Huangpu River in 1992, the surrounding Shanghai County merged with Minhang.

<span class="mw-page-title-main">COSCO</span> Chinese shipping and logistics services supplier

China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is one of the major holding companies for COSCO Shipping, one of the world's largest shipping companies. COSCO Shipping was formed in January 2016 by a merger of COSCO and China Shipping Group as one conglomerate. It is a state-owned enterprise.

<span class="mw-page-title-main">Tnuva</span> Israeli food company

Tnuva, or Tenuvah, is an Israeli food creation and marketing company. The company holds in Israel a significant market share in the field of drinking milk production, dairy products and its marketing. It was for its first seventy years an Israeli food processing cooperative (co-op) owned by the kibbutzim and moshavim, and historically specializing in milk and dairy products; it was subsequently sold by its members as a limited company and, since 2014, has been controlled by a Chinese state company, Bright Food. Tnuva is the largest food manufacturer in Israel; its sales account for 70% of the country's dairy market as well as sales of meat, eggs and packaged food.

Dongfeng Motor Company Limited, most commonly known in English-language sources as Dongfeng Nissan, is a Chinese automobile manufacturing company headquartered in Wuhan, Hubei. It is a 50–50 joint-venture between Dongfeng Motor Group and Nissan Motors. It produces passenger cars under the Nissan marque and commercial vehicles under the Dongfeng marque.

Shanghai International Port (Group) Co., Ltd. (SIPG) is the exclusive operator of all the public terminals in the Port of Shanghai. It is a component of SSE 180 Index as well as CSI 300 Index and sub-index CSI 100 Index.

<span class="mw-page-title-main">Masteel Group</span> Chinese iron and steel enterprise

Ma gang (Group) Holding Co., Ltd., or known as Masteel Group, is one of the major Chinese iron and steel enterprises. Since 2019, it is a joint venture of central government owned China Baowu Steel Group and Anhui Provincial People's Government's State-owned Assets Supervision and Administration Commission (SASAC). It is headquartered in Ma'anshan, Anhui province. The group produced iron and steel via its listed subsidiary Maanshan Iron and Steel Company Limited, which was a listed company since 1993. However, the group had a significant part remained unlisted.

Jin Jiang International (Holdings) Co., Ltd. is a tourism and hospitality company headquartered in Shanghai, China, and owned by the Shanghai Municipal People's Government.

Motel 168 is a hotel brand of Home Inn. It used to belong to Shanghai Motel Management Co., Ltd. The company was owned by Shanghai Merrylin Restaurant Management Co., Ltd and Merrylin Hotel Management Co., Ltd. The Shanghai Merrylin company had its headquarters in Changning District, Shanghai.

<span class="mw-page-title-main">China Everbright Group</span> State-owned enterprise owned by Central Huijin

China Everbright Group is a Chinese state-owned enterprise. Everbright Group was a subsidiary of Central Huijin Investment. The Ministry of Finance of China owned the rest of the stake, which Central Huijin acquired on 8 December 2014.

<span class="mw-page-title-main">Shanghai Ferry</span> Overview of transport in Shanghai

The Shanghai Ferry is a system of ferry routes across the Huangpu River in Shanghai. The ferry service started on January 5, 1911 by the municipal authorities in Pudong. Before the 1970s, the ferry service was the only way to cross the Huangpu River. In the 1980s, the Shanghai Ferry became one of the busiest ferry services in the world. In the 1990s, as bridges and tunnels across the Huangpu river were built, the ferry service saw a sharp drop in ridership. The Shanghai Ferry currently consists of 18 ferry lines and is operated by the state-owned Shanghai Ferry Company.

Baoshan Iron & Steel Co., Ltd., also known as Baoshan Iron & Steel and Baosteel, is a maker of steel based in Shanghai, China, and a subsidiary of state-owned China Baowu Steel Group. It is listed on the Shanghai Stock Exchange.

<span class="mw-page-title-main">Meishan Iron and Steel</span> Chinese iron and steel manufacturing company

Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang is a second-tier subsidiary of Baowu and a first-tier subsidiary of listed company Baoshan Iron and Steel Co., Ltd. (Baosteel). The company was based in Nanjing.

Shanghai Jiushi (Group) Co., Ltd. is a Chinese state-owned enterprise. It was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Shanghai Municipal People's Government.

Shanghai Shentong Metro Group Co., Ltd. known as Shentong Metro Group is the operator of Shanghai Metro and Shanghai Maglev Train, as well as the parent company of the listed company Shanghai Shentong Metro Co., Ltd. It is currently responsible for the operation of Shanghai Metro. This includes investment, financing and operation management, and owns most of the assets of Shanghai Metro. The name is derived from Shen is the alternative name of Shanghai, while Tong literally means transportation.

Shanghai Municipal Investment (Group) Corporation also known as Shanghai Chengtou or SMI is a Chinese sovereign wealth fund of the Shanghai Municipal People's Government. It is one of the major shareholders of Greenland Holdings, as well as another listed company Shanghai SMI Holding. The group owned a minority interest in Shentong Metro Group.

<span class="mw-page-title-main">Jiangling Motors Corporation Group</span> Chinese automotive holding company

Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi.

Yang Sitao is a former Chinese politician who spent most of his career in Hainan province. He entered the workforce in July 1985, and joined the Chinese Communist Party in June 1989. He was investigated by the Chinese Communist Party's anti-graft agency in April 2019. Previously he served as chairman of the board and Party secretary of Haiken Group, a large state-owned agricultural enterprise. Prior to that, he was Party secretary of Chengmai County between May 2008 and May 2017.

<span class="mw-page-title-main">Shanghai Rail Transit</span> Rail transit lines operating in Shanghai

Shanghai Rail Transit includes all rail transit lines operating in Shanghai, mainly composed of High-volume railway system, Low-to-medium-volume railway system and Maglev system. The system was established on May 28, 1993, when Shanghai Metro Line 1 opened.

<span class="mw-page-title-main">China National Technical Import and Export Corporation</span> Chinese state-owned trade corporation

China National Technical Import and Export Corporation is a Chinese state-owned global trading company, engineering firm, and front company owned and operated by the Ministry of State Security (MSS), China's principal civilian foreign intelligence agency. The company's stated current primary business is in providing services to projects of the Belt and Road Initiative. Established in 1952; in 1998 the company became a subsidiary of China General Technology Group (Genertec), though it remains owned and directed by the MSS. Headquartered in the Fengtai District of Beijing, CNTIC reports nine domestic subsidiaries and 23 institutions in 20 countries and regions throughout Asia, Africa, and Europe.

References

  1. 1 2 3 4 "Bright Food to buy Australian producer". Shanghai Daily. 16 August 2011. Retrieved 22 May 2012.
  2. ↑ "Bright Food Buys 60% of UK Cereal-Maker Weetabix". Bloomberg Businessweek. 3 May 2012. Archived from the original on 8 May 2012. Retrieved 22 May 2012.
  3. ↑ "光明食品（集团）有限公司".
  4. ↑ 上海市地方志办公室 (Office Of Shanghai Chronicle). 上海通志. 上海人民出版社. Retrieved 23 August 2019.
  5. ↑ 上海农工商（集团）有限公司 (9 June 2004). "上海农工商(集团)有限公司关于本公司改制重组的报告书". 上海证券报. 新浪网. Retrieved 23 August 2019.
  6. ↑ "China's Bright Dairy invests in NZ's Synlait". China Daily. 19 July 2010. Retrieved 22 May 2012.
  7. ↑ "Shareholdings".
  8. ↑ "Bright Food eyes UK's United Biscuits". China Daily. 28 September 2010. Retrieved 22 May 2012.
  9. ↑ "Bright Food acquires 75% stake in Manassen Foods". China Daily. 29 August 2011. Retrieved 22 May 2012.
  10. ↑ "China Bright Food to buy Manassen for over $516 million". Reuters. 14 August 2011. Retrieved 22 May 2012.
  11. ↑ "China's Bright Food takes 60pc stake in Weetabix". The Telegraph. 3 May 2012. Retrieved 20 May 2012.
  12. ↑ "Chinese food firm wolfs down Weetabix for £720m". The Guardian. 3 May 2012. Retrieved 22 May 2012.
  13. ↑ "Weetabix to be sold to US company Post Holdings". BBC. 18 April 2017. Retrieved 18 April 2017.
  14. ↑ reuters.com: "China's Bright Food buys majority stake in Italian olive oil group" Archived 2015-09-24 at the Wayback Machine , 7 Oct 2014
  15. ↑ "Chinese buyers want 50 per cent of Silver Fern Farms".
  16. ↑ "Silver Fern confirms Chinese investor".
  17. ↑ "About us - Company Profile". Bright Food. Archived from the original on 28 March 2010. Retrieved 22 May 2012.

Further reading

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.