Glanbia, looking to expand into China, has entered into talks with Bright Foods and the Chinese company recently visited the new UHT facility in Monaghan
Chinese food and beverages company Bright Foods was recently in Ireland to inspect the new Glanbia consumer products UHT facility in Co Monaghan.
The visit and site inspection further progresses the talks between both parties, which began last year when they signed a non-exclusive memorandum of understanding. This effectively means that it allows both companies to explore the scope for any joint market opportunities and distribution channels across Glanbia’s global portfolio of products, including a broad range of ingredient and consumer products.
China’s Bright Foods has been on a bit of an acquisition trail in Europe since the start of this year as part of the group’s ambition to double its international presence within the next three years.
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The state-controlled group with a majority stake in Weetabix has said it wants to secure joint ventures, strategic partnerships and acquisitions.
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Chinese food and beverages company Bright Foods was recently in Ireland to inspect the new Glanbia consumer products UHT facility in Co Monaghan.
The visit and site inspection further progresses the talks between both parties, which began last year when they signed a non-exclusive memorandum of understanding. This effectively means that it allows both companies to explore the scope for any joint market opportunities and distribution channels across Glanbia’s global portfolio of products, including a broad range of ingredient and consumer products.
China’s Bright Foods has been on a bit of an acquisition trail in Europe since the start of this year as part of the group’s ambition to double its international presence within the next three years.
State-controlled
The state-controlled group with a majority stake in Weetabix has said it wants to secure joint ventures, strategic partnerships and acquisitions.
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