By Amanda Brodhagen, Farms.com
China’s Bright Food Co. said its Australian arm, Manassen Foods, has agreed to acquire Mundella Foods based in Mundijong, Western Australia.
In 2011, Bright Food bought the Australian company Manassen Foods, which sells the Laughing Cow cheese and Jelly Belly candy.
The terms of the deal were not disclosed, but a Bright Food spokesperson said the transaction value will be determined after an audit of Mundella’s 2013 finances is completed.
According to its website, Mundella is the largest dairy company in Western Australia, and was established in 1974 by local dairy farmers. The company produces cheese, yogurt and probiotic yogurt drinks.
Bright Foods said the company is also exploring an acquisition of an Israeli dairy company, Tnuva Food Industries Ltd.