date:Jun 26, 2014
ring for its Australian unit Manassen Foods, he said.
The Shanghai-based company, which has interests that span food and beverages, farming and retailing, bought Israels Tnuva Food Industries Ltd. last month following Weetabix, as rising incomes in China spur demand for consumer goods.
Chinese food firms seek overseas deals to acquire product research capabilities and better resources, said Todd Yang, Shenzhen-based analyst at Guosen Securities Co. Imported foods are also growing in popularity