Bright Food

Bright Food(officiallyBright Food (Group) Co., Ltd.) is a Chinesemultinationalfood and beverage manufacturing company headquartered inShanghai. It is the second-largest Chinese food manufacturing company measured by 2011 revenues.The company is wholly owned by theShanghai Municipal People's GovernmentviaShanghai Municipal Investment Groupand another sister company.
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.
In 1954, Songjiang Division Office decided to build a farm on the seashore ofFengxian. In 1959, Shanghai Municipality also decided to build farms onChongming Island. At the time of 1960, 16 farms are built on the beach in Fengxian County and on Chongming andChangxing Islands. To administrate these farms, Shanghai Agricultural Reclamation Administration (上海市农垦管理局) was set up in 1963 and was renamed to Shanghai Farm Administration (上海市农场管理局) in 1970. During this time,HuangshanTea and Forest Farm and Lianjiang Farm was established inAnhui. In 1973, Shanghai Municipal Shanghai Farm (上海市上海农场) was officially established inDafeng,Jiangsuas anexclave. In 1980, Shanghai Municipality decided to establish the Shanghai Agricultural Reclamation and Industrial and Commercial Joint Enterprise Corporation (上海市农垦农工商联合企业总公司), which isthe other brand(一个机构、两块牌子) of the Farm Administration. In 1994, the Farm administration was officially transformed into a company, Shanghai Agricultural Industry and Commerce (Group) Corporation (上海市农工商（集团）总公司), and the brand of Farm administration was reserved for transition period proposes.In 2004, the group was renamed to Shanghai NGS (Group) Co., Ltd.(上海农工商（集团）有限公司), a state-own limited company.In 2006, WithYiming No.1 Food Factory (Group)[zh], the holder of the Bright brand, Shanghai Sugar Industry Tobacco and Alcohol Group and some subsidiaries ofJinjiang Internationalmerged, a new food group was established and NGS Group was renamed to Bright Food (Group) Co., Ltd.
In July 2010 Bright Food agreed to acquire a 51% stake in the New Zealand-based dairy producerSynlaitfor US$58 million.However, as of September
2015, Bright Foods hold a 39.12% stake in Synlait.
In September 2010 Bright Food entered into exclusive discussions for the acquisition of the British snack food manufacturerUnited Biscuits, but the talks did not result in an acquisition.
In August 2011 Bright Food agreed to acquire a 75% stake in the Australia-based food producer Manassen Foods for A$530 million.
In May 2012 Bright Food agreed to acquire a 60% stake in the Britishbreakfast cerealsmanufacturerWeetabix Limitedin a £1.2 billion deal.This majority stake is set to be sold to US companyPost Holdingsfor US$1.8 billion as of 18 April 2017.
In May 2014, Bright Food agreed to acquire a 56% stake in theIsraeliDairy producerTnuvafor the sum of US$2.5 Billion.
In October 2014 Bright Food agreed to acquire a majority stake in Italian olive oil producer Salov, which includes theFilippo Berioand Sagra Brands.
In September 2015, Bright Foods expressed interest inNew Zealanddairy and meat companySilver Fern Farmsby initiating a $100 million buyout of 50% of SFF.On 15 September, it was reported byThe New Zealand Heraldthat Bright Foods subsidiary Shanghai Maling Aquarius Co., Ltd, had reached a $NZ261 Million deal to acquire 50% ofSilver Fern Farms.
Bright Food's products include:
In 2010 Bright Food had a 5.7% share of China's dairy products market, ranking fourth.In the same year it had a 1.4% market share in the Chinese packaged foods market and a 1.6% share of the Chinese ice cream market.
bright food are also in control of the Israeli dairy company “tnuva”, which have an  11% market share in israel’s food industry.
The company's Bright Dairy subsidiary has been involved in a number of contaminated dairy products incidents over the years.
Liquid and powder milk that was distributed by Bright Dairy and other companies were found to containmelanine, a harmful chemical that was used to cheat nutrition test. The company blamed subcontractors for the cause of the problem.
Bright Dairy was force to recall around 300 950ml cartons of Ubest-brand milk products that were contaminated with lye that was used to clean pipes in the packaging equipment.
In September 2012, Bright Dairy delivered sour milk to nearly 1,000 households in Shanghai. The company claimed that the milk was mistakenly transported at the wrong temperature.