Manassen Foods

OVERALL
Owned	CHN
Rating

Food importer and marketer

Manassen Foods markets many leading consumer brands including Trident. In April 2006 Manassen Foods acquired The Great Southern Foods group, King Oscar and Hutchinsons (NZ), and turned the business into a new company with CHAMP Pty Ltd having a 51 per cent stake. Bought Sunbeam Foods in 2007. China's Bright Food bought 75% of the company in late 2011.

Company Ownership

Manassen Foods Australia Pty Ltd	AUS	website	email
Bright Food (Group) Co Ltd       owns 75% of Manassen Foods Australia Pty Ltd	CHN	website
Large food conglomerate State-owned Bright Food was established in 2006 amid a series of mergers and consolidations of Chinese state-owned assets, and today is China's largest food company. Shanghai's municipal government is the company's controlling stakeholder. Acquired 75% of Manassen Foods in Nov 2011.
Government of the People's Republic of China           owns 100% of Bright Food (Group) Co Ltd	CHN	website
Communist government All power within the government of the People's Republic of China is divided among three bodies: the Chinese Communist Party, State Council, and the People's Liberation Army. In recent years China has been consolidating it's state-owned assets and inviting private investors to invest (often family members of high ranking government officials), however in most cases the government retains control and majority ownership. We have listed State-Owned Enterprises (SOEs) simply as subsidiaries of China's government, although in reality company ownership is often more complex.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Manassen Foods Australia Pty Ltd
Australian Packaging Covenant signatory Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation. [Source 2017][More on Packaging]		Possible GM in brands Brands owned by this company were rated 'red' in Greenpeace's 2011 Truefood Guide, signifying they may include GM-derived ingredients in their products. This includes brands that either: contain GM derived ingredients; have no clear policy on GM-derived ingredients; and/or have ignored or refused Greenpeace's request for information regarding their policies on GM-derived ingredients. [Source 2011][More on Genetic Engineering]
Bright Food (Group) Co Ltd
	Supply chain practices in China This company received a score of 3/100 (retrieved 14-Feb-2018) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains. [Source 2018][More on Habitats] Commitment to zero deforestation 0/5 The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soya, beef, leather, timber, and pulp and paper). This company received a score of 0/5. [Source 2018][More on Forests]	Ownership The registered capital of Bright Group is 3.43 billion RMB, in which State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government (Shanghai SASAC) accounts for 50.43%, Shanghai DaSheng Holdings Co., Ltd. invests 20.41%, and each of Shanghai State-owned Assets Operation Co., Ltd., SHENERGY Group, Shanghai International Group, Shanghai industrial Investment Holdings Co., Ltd. and Shanghai JiuShi holds 5.832% respectively. [Source 2012][More on Finance]
Government of the People's Republic of China
	Human rights abuse Amnesty International has documented widespread human rights violations in China during 2011. An estimated 500,000 people are currently enduring punitive detention without charge or trial, and millions are unable to access the legal system to seek redress for their grievances. Harassment, surveillance, house arrest, and imprisonment of human rights defenders are on the rise, and censorship of the Internet and other media has grown. Repression of minority groups, including Tibetans, Uighurs and Mongolians, and of Falun Gong practitioners and Christians who practice their religion outside state-sanctioned churches continues. While the recent reinstatement of Supreme People's Court review of death penalty cases may result in lower numbers of executions, China remains the leading executioner in the world. [Source 2012][More on Human Rights] Human rights abuse This 2012 report by Human Rights Watch documents a wide-range of criticisms of the Chinese government's human rights record from events of 2011. [Source 2012][More on Human Rights]	Wikipedia profile [Source 2011]

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Related News

Mundella now Chinese owned
12th Feb 2014 — Chinese state-owned company Bright Foods acquired privately held WA cheese and yoghurt producer Mundella in Jan 2014. Mundella is to become a wholly-owned subsidiary of Manassen Foods, which Bright Foods bought a 75% stake of in 2011.  [source]

Manassen Foods
12th Apr 2006 — In April 2006, CHAMP together with existing Manassen Foods Australia shareholders created a new company, Food Holdings Pty Ltd which acquired Manassen Foods Australia, Great Southern Foods, King Oscar and Hutchinsons New Zealand. The combined entities which will continue to trade as Manassen Foods were merged to form Australia's leading specialty branded food supplier with over 350 employees and revenues in excess of A$250 million. Private equity company CHAMP owns 51%.