IPO - Shekel Brainweight Ltd, page-64

Trial partner no 4 - Tnuva (part of Bright foods - Bright Food (officially Bright Food (Group) Co., Ltd.) is a multinational food and beverages manufacturing company headquartered in Shanghai, China. It is the second-largest China-based food manufacturing company measured by 2011 revenues.[2] The company is wholly owned by the Shanghai Municipal Government via Shanghai Municipal Investment Groupand another sister company.[3]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.[1]

They bought out Tnuva few years ago for $2Billion. https://uk.reuters.com/article/us-bright-food-grp-tnuva-apax-idUKBREA4L01Q20140522

While there maybe some sales in Israel through Tnuva, there might be future deals in China through one of their Shanghai listed subsidiaries - Shaghai First Provisions Store

About Shanghai First Provisions Store Co., Ltd.Shanghai First Provision Chain Development Company Limited operates a retail food chain in Shanghai.The company offers various food products, such as tea, edible fungus, scallops; regional snacks, recreationtable delicacies, recreation amusement, and beverages; candies, pastries, candied fruits, roasted seedsand nuts, pot-sewed fowl, and wine; microelements of vitamins, such as ginseng, pilose antler, bird's nest,and shark's fins; and health, recreation, traveling, housing, and gift products. It operates its retail chainunder the first food, sea flavor, and Deemsun brands.

Bright Food is among the top 10 food related businesses in China. Here is a list of some of their recent acquisitions

In July 2010 Bright Food agreed to acquire a 51% stake in the New Zealand-based dairy producer Synlait for US$58 million.[4] However, as of September 2015, Bright Foods hold a 39.12% in Synlait.[5]

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.[6]

In August 2011 Bright Food agreed to acquire a 75% stake in the Australia-based food producer Manassen Foods for A$530 million.[7][8]

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.[9][10] This majority stake is set to be sold to US company Post Holdings for 1.8 billion USD as of 18 April 2017.[11]

In May 2014, Bright Food agreed to acquire a 56% stake in the Israeli Dairy producer Tnuva for the sum of 2.5 Billion USD.

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.[12]Silver Fern Farms Edit 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.[13] 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.[14]