The proposed acquisition introduces healthy and innovative foods into China and is aligned with the government’s policy to support and drive technological innovation.
Beijing Sanyuan Foods Co. and Fosun Group have agreed to jointly acquire Brassica TopCo and PPN Management, the controlling shareholders of St- Hubert.
The healthy food company, established in 1904, sells healthy spreads, plant based yogurts, drinks and desserts in France and Italy.
Its products are free of hydrogenated fats, trans-fats, and genetically modified ingredients including Omega 3 (St- Hubert Omega 3), organic spread (St- Hubert Bio), and spread with DHA (St- Hubert DHA).
The proposed acquisition introduces healthy and innovative foods into China and is aligned with the government’s policy to support and drive technological innovation.
St- Hubert sells over 35,000 tons of healthy spreads a year and has strong R&D capabilities and several patented technologies.
The proposed transaction will be submitted to St- Hubert’s workers’ council and is subject to clearance from relevant competition and regulatory authorities.
Sanyuan was established in Beijing in 1956 and over 60 years has transformed itself from a traditional food processing company to an international dairy company.
Fosun, founded in 1992, creates global ecosystems in health, happiness and wealth.
