Chinese state-owned Bright Food is looking at options to acquire Israel’s major food manufacturer and distributor Tnuva, as part of its efforts to further expand its presence overseas.
Tnuva owns seven of the top ten leading food brands in Israel and holds 14% shelf space in supermarkets.
Bright Food said the talks are at a very preliminary stage and could not confirm the value of the deal.
The company operates 3,300 retail outlets across China and its dairy products and chewy White Rabbit candy have huge demand in the country.
Bright Food has been seeking to expand its overseas operations after recently acquiring majority stakes in foreign firms, including Australia's Manassen Foods and UK-based cereal maker Weetabix Food.
In 2010, the company set a target to double the revenues by 2015 to approximately $14bn.
