Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Drinks | Retail | Videos
Processed Foods
Sweets & Desserts
Return to: FBR Home | Processed Foods | Sweets & Desserts

Beijing Sanyuan Foods, Fosun to buy St-Hubert

FBR Staff Writer Published 31 July 2017

Beijing Sanyuan Foods (Sanyun) and Fosun have entered into exclusive negotiations to jointly acquire food firm St-Hubert.

The companies signed a series of transaction documents with Montagu IV FPCI and others to propose to buy Brassica TopCo and PPN Management, which are the controlling share holders of St-Hubert.

St-Hubert, founded in 1904, manufactures healthy spreads, plant-based yoghurts, drinks, and desserts.

The company’s food products do not feature hydrogenated fats, trans-fats and genetically modified ingredients.

St-Hubert also created various products, like the first spread with Omega 3 (St-Hubert Omega 3), organic spread (St-Hubert Bio), and spread with DHA (St-Hubert DHA).

In 2012, European private equity firm Montagu had acquired St Hubert from Dairy Crest for €430m.

St-Hubert’s healthy foods andtechnological innovations are experiencing huge interest  from customers.  Sanyuan intends to introduce St-Hubert’s healthy food technology into China.

The acquisition will bring the advanced and new production technologies to China, and allow Sanyua to expand its product capability.

The proposed deal  is  subject to approval from relevant competition and regulatory authorities following its submission to St-Hubert's workers' council.

Fosun chairman Guo Guangchang said: “Through this strong partnership, we can maximize advantages of both Sanyuan and Fosun to optimize both parties' competitiveness. The proposed acquisition also introduces healthy and innovative foods into China and is aligned with the government's policy to support and drive technological innovation."

St-Hubert CEO Patrick Cahuzac said: “With the help of Fosun and Sanyuan, we are excited by the prospect of further growing our leadership position in France and Italy and accelerating our international expansion, particularly in the Chinese market which has significant potential."

Sanyun manufactures a range of dairy products. The company also holds 50% and 25% stake of Beijing and Guangdong McDonald's respectively.


Image: Sanyun and Fosun have entered into exclusive negotiations to jointly acquire food firm St-Hubert. Photo: courtesy of Paul/FreeDigitalPhotos.net.