BEIJING — China National Cereals, Oils and Foodstuffs Corporation (C.O.F.C.O.), China’s largest edible oil and food producer, has signed an agreement to acquire Maverick Food Co. Ltd., which was a joint venture between Smithfield Foods Inc. and Belgian Artal Group. This China-based foreign-invested food enterprise was acquired for 194 million yuan ($28.4 million).
C.O.F.C.O. president Yu Xubo said after the 100%-stake acquisition is completed, Maverick Food would be a wholly owned subsidiary of C.O.F.C.O. under the management of the company's meat-product chain.
1Court says Foster Farms responsible in Salmonella case
2Illinois firm recalls 484K lbs. of beef
3Tests confirm low-pathogenic AI at Texas broiler farm
4Tyson to sell Circle Foods
5Johnsonville recalls 109K lbs. of smoked sausage
( more )
3Blue Apron takes its meal kits to retail
5Tyson to sell Circle Foods
1Karv steps into meat subscription business
2Cracker Barrel launches Southern Bowls
3Pederson’s acquires Nature’s Rancher
4Land O’Frost to acquire Wimmers Meats
to the PRINT edition, or click below for free, INSTANT ACCESS to valuable news & insights in the Digital Edition.