Sunbeam Foods

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.

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.

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.