Bright Dairy Plans to Acquire Raw-Milk Supplier From Parent

Bright Dairy & Food Co., China’s third-largest milk producer by market value, plans to purchase raw-milk supply operations from its state-owned parent.

The company will acquire cattle-breeding and raw-milk businesses from Shanghai Dairy Group, a unit of Bright Dairy’s parent, group spokesman Pan Jianjun said by phone Thursday. The deal will help Bright Food Group Co. consolidate more dairy operations under its main listed arm, Pan said.