Waitrose Supplier Bakkavor Sells China Operations in $67 Million Deal
UK fresh food provider Bakkavor Group said on Tuesday it will sell its China operations for a cash consideration of about 50 million pounds ($67 million), a move that comes amidst talks for a takeover by rival Greencore.
Bakkavor has about 2,300 employees in China, where it earned revenue of 105 million pounds in 2024 by supplying foodservice and retail customers with salads, sandwiches and meals from its seven manufacturing sites.
It will sell Bakkavor China Holdings to China-based Lihe Xing...
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