Clifford Chance has advised a consortium led by Shanghai Ground Food Tech Company (Ground Food) on its purchase of Western Australia based dairy group Brownes.
Shanghai Stock Exchange-listed Ground Food is one of the biggest cheese manufacturers in China. It conducts dairy operations in China, focusing on liquid milk and cheese products. It has four dairy processing factories and is also one of the country’s largest cheese manufacturers.
Brownes will now form part of its network of four existing dairy manufacturing plants all in China (Jilin, Changchun, Tianjin, and Shanghai).
The financial details of the transaction have not been disclosed.
Clifford Chance has acted with a team led by Sydney Partner Lance Sacks (picture), supported by counsel Amelia Horvath and Kane Barnett, and senior associate Mark Grime.
Law Firms: Clifford Chance;
Clients: Shanghai Ground Food Tech Company;