Cofco Meat, a leading integrated pork company with a focus on providing safe meat products to Chinese consumers, and a consortium of investors composed of Kkr, Baring Private Equity Asia, Hopu, and Boyu, announced the formation of a strategic partnership.
The consortium will invest in Cofco Meat alongside existing shareholders to build and manage large-scale industrialized pig farms and meat processing plants in China.
Ma Jianping, vice president of Cofco Group and Chairman of Cofco Meat, said: «This strategic partnership brings in four world-class investment funds to support Cofco Meat’s development. The investment is a recognition of our past achievement and future potential, and we believe these investors’ extensive global networks, professional local teams and deep operational experience will accelerate Cofco Meat’s strategic goal to become the leading provider of China’s safe meat products».
«This new investment will increase the supply of high-quality meat products in China as the country witnesses an increasing demand for healthier food», said Julian Wolhardt, member of Kkr.