PepsiCo buys into China’s Natural Food
PepsiCo has taken a stake in one of China’s biggest natural food companies, Natural Food International.
The snacking company is buying 26 per cent of the business for US$131 million making it the company’s second largest shareholder.
Natural Food is one of the largest natural food producers in China and is based on the traditional Chinese diet. The company manufacturing products like grains, nuts and beans as well as powder products from black sesame, walnuts, goji berries and chia seeds.
PepsiCo said the investment indicates the company’s determination to accelerate its development in China, “an important market” to the business.
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