date:Mar 08, 2013
Australian biscuit, fruit and dairy producer Manassen Foods in 2011. In 2010, it bought a majority stake in New Zealand's Synlait Milk. The same year, it was outbid in an effort to buy the sugar and renewable energy unit of Australian conglomerate CSR.
Bright Food generally targets overseas brands that have strong sales networks and want to penetrate the growing Chinese market.
No matter how good the product is, if there is no synergy with the China market, we won't pursue it, he said.
Brigh