China's grain trading company COFCO international (CIL), owned by state-owned COFCO Corp, is seeking to expand rapidly overseas via M&A's. The Chinese firm has been looking for a way into the US food and beverage industry since last year, when it bought an American company, Pure Food & Beverage, which makes products such as Gatorade sports drinks.
China's grain trading company COFCO international (CIL), owned by state-owned COFCO Corp, is seeking to expand rapidly overseas via M&A's. It spent over $3bn buying Dutch trader Nidera and Noble Agri - a unit of Noble Group, and is hoping to integrate the two by the end of 2017, however it has faced difficulties over the process after taking on losses at Nidera.