Bright Food
Bright Food is a Chinese multinational food and beverage manufacturing company headquartered in Shanghai. It is the second-largest Chinese food manufacturing company measured by 2011 revenues. The company is wholly owned by the Shanghai Municipal People's Government via Shanghai Municipal Investment Group and another sister company.
Bright Food has four listed subsidiaries. Bright Dairy & Food Co., Ltd., Shanghai First Provisions Store Co., Ltd., Shanghai Maling Aquarius Co., Ltd. and Shanghai Haibo Co., Ltd.
History
In 1954, Songjiang Division Office decided to build a farm on the seashore of Fengxian. In 1959, Shanghai Municipality also decided to build farms on Chongming Island. At the time of 1960, 16 farms are built on the beach in Fengxian County and on Chongming and Changxing Islands. To administrate these farms, Shanghai Agricultural Reclamation Administration was set up in 1963 and was renamed to Shanghai Farm Administration in 1970. During this time, Huangshan Tea and Forest Farm and Lianjiang Farm was established in Anhui. In 1973, Shanghai Municipal Shanghai Farm was officially established in Dafeng, Jiangsu as an exclave. In 1980, Shanghai Municipality decided to establish the Shanghai Agricultural Reclamation and Industrial and Commercial Joint Enterprise Corporation, which is the other brand of the Farm Administration. In 1994, the Farm administration was officially transformed into a company, Shanghai Agricultural Industry and Commerce Corporation, and the brand of Farm administration was reserved for transition period proposes. In 2004, the group was renamed to Shanghai NGS Co., Ltd., a state-own limited company. In 2006, With, the holder of the Bright brand, Shanghai Sugar Industry Tobacco and Alcohol Group and some subsidiaries of Jinjiang International merged, a new food group was established and NGS Group was renamed to Bright Food Co., Ltd.Investments and Divestments
In July 2010 Bright Food agreed to acquire a 51% stake in the New Zealand-based dairy producer Synlait for US$58 million. However, as of September2015, Bright Foods hold a 39.12% stake in Synlait.
In September 2010 Bright Food entered into exclusive discussions for the acquisition of the British snack food manufacturer United Biscuits, but the talks did not result in an acquisition.
In August 2011 Bright Food agreed to acquire a 75% stake in the Australia-based food producer Manassen Foods for A$530 million.
In May 2012 Bright Food agreed to acquire a 60% stake in the British breakfast cereals manufacturer Weetabix Limited in a £1.2 billion deal. This majority stake is set to be sold to US company Post Holdings for US$1.8 billion as of 18 April 2017.
In 2012, Bright Food also acquired a 70% stake in Bordeaux wine trading company DIVA Bordeaux through its subsidiary, Shanghai Sugar Cigarette and Wine.
In January 2014, the company acquired the Western Australian dairy company Mundella Foods.
In May 2014, Bright Food agreed to acquire a 56% stake in the Israeli dairy producer Tnuva for a sum of US$2.5 billion.
In October 2014 Bright Food agreed to acquire a majority stake in Italian olive oil producer Salov, which includes the Filippo Berio and Sagra Brands.
In September 2015, Bright Foods expressed interest in New Zealand dairy and meat company Silver Fern Farms by initiating a $100 million buyout of 50% of SFF. On 15 September, it was reported by The New Zealand Herald that Bright Foods subsidiary Shanghai Maling Aquarius Co., Ltd, had reached a $NZ261 Million deal to acquire 50% of Silver Fern Farms.
In February 2025, Bright Food sold The Margaret River Company and Mundella Foods to Western Australian dairy firm The Cheeky Cow.
Products
Bright Food's products include:- Guangming dairy products,
- Guansheyuan foodstuffs,
- Da Bai Tu candy,
- Maling canned foods,
- Bright ice cream products,
- Aquarius water,
- Shikumen rice wine,
- Yutang sugar,
- Tip Top pickled foods,
- Haifeng rice,
- Aiseng pork,
- Daying duck meat products, and
- Shengfeng chocolate.
Market share
Bright Food have a controlling stake in Israeli dairy company “tnuva”, which have an 11% market share in Israel’s food industry.