FDBusiness.com

Chinese Groups to Acquire French and Italian Spreads Business

 Breaking News
  • Sysco Grows European Business Sysco Corporation is to acquire Kent Frozen Foods, a successful UK-based food service distributor with revenue in the year ended 31st December 2016 of £47 million. The acquisition, which is conditional upon approval from the Competition and Markets Authority, will see Kent Frozen Foods join Sysco’s other UK businesses, including Brakes, Fresh Direct and M&J [...]...
  • Nestlé Nominates Three New Independent Directors to its Board Nestlé has announced that it proposes Pablo Isla, Chief Executive Officer of Inditex; Kasper Rorsted, Chief Executive Officer of adidas; and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election to its Board of Directors. The elections will take place at the company’s Annual General Meeting on April 12, 2018. At that time, three current directors, [...]...
  • Increased Funding For Promoting Europe’s Agricultural Products The European Commission has launched the calls for proposals for programmes to promote European agricultural products throughout the world and within the EU. A total of €169 million is available to co-finance the programmes, up from €142 million in 2017. Programmes can cover a wide range of issues from general campaigns on healthy eating to [...]...
  • The Coca-Cola Company Announces New Global Vision to Help Create a World Without Waste The Coca-Cola Company has announced that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that [...]...
  • Partnership that Mitigates Cross Contamination Fits Like a Glove Two world leaders in their respective fields have combined their expertise to create Europe’s first bona fide antimicrobial nitrile gloves. Unigloves new Fortified single use gloves incorporate silver ion technology from BioCote®, which has been scientifically proven to destroy 90% of bacteria within just 15 minutes and 99.5% in only two hours – BioCote is also proven effective [...]...

Chinese Groups to Acquire French and Italian Spreads Business

Chinese Groups to Acquire French and Italian Spreads Business
August 01
16:50 2017

Beijing Sanyuan Foods, one of China’s largest state-owned dairy groups, and Fosun Group, the Chinese international conglomerate and investment business, are acquiring St- Hubert, a leading manufacturer of healthy spreads in France and Italy.

Established in 1904, St-Hubert offers a variety of products include healthy spreads, plant-based yoghurts, drinks, and desserts. It is a pioneer in innovative healthy foods, with strong R&D capabilities and several patented technologies. St-Hubert is also the creator of several leading products, such as the first spread with Omega 3 (St-Hubert Omega 3), organic spread (St-Hubert Bio), and spread with DHA (St-Hubert DHA).

In recent years, market demand for healthy food has grown strongly. Sanyuan aims to introduce the healthy food technology of St-Hubert into China.

Guo Guangchang, chairman of Fosun, says: “This acquisition would represent an important and practical step towards China’s mixed-ownership reform. Through this strong partnership, we can maximize advantages of both Sanyuan and Fosun to optimize both parties’ competitiveness. The proposed acquisition also introduces healthy and innovative foods into China and is aligned with the government’s policy to support and drive technological innovation.”

Patrick Cahuzac, chief executive of St-Hubert, says: “Over the last five years, St-Hubert has continued to develop in line with our long-term strategy and commitment to developing products that are both tasty and have health benefits. With the help of Fosun and Sanyuan, we are excited by the prospect of further growing our leadership position in France and Italy and accelerating our international expansion, particularly in the Chinese market which has significant potential.”

The proposed transaction will be submitted to St Hubert’s workers’ council and is subject to clearance from relevant competition and regulatory authorities.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
  • January 28, 2018ProSweets Cologne (Int'l Sweets and Biscuits Fair)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements