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CHINA: Huiyuan Juice to buy fruit beverage company - report

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China Huiyuan Juice Group has agreed to buy fruit puree and bottled milk company Jiangsu Huiyuan, according to local reports.

Xinhua Financial Network reported today (18 June), that the company has agreed to buy a 75% stake in Jiangsu Huiyuan for CNY82.2m (US$10.77m) from Beijing Huiyuan Beverage & Food Group.

China Huiyuan has also entered into an agreement with a Hong Kong company, Keen Fast, to buy the remaining 25% of the beverage company for CNY27.40m.

China Huiyuan plans to convert Jiangsu Huiyuan's facilities for the production of fruit and vegetable juice with a capacity of 100,000 tons by August.


Sectors: Soft drinks, Water

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