date:Jan 15, 2014
China's Bright Food (Group) Co Ltd said it had agreed to buy Australian dairy company Mundella Foods through its Australian subsidiary, expanding the state-owned conglomerate's overseas reach and boosting its exposure to the growing dairy market.
Manassen Foods, the Australian company that Bright Food bought in 2011, has signed an agreement to buy Western Australia's Mundella, Bright Food spokesman Pan Jianjun said on Tuesday.
The terms of the deal have been decided but the transaction value w