China Organic Agriculture, a company headquartered in the Liaoning Province in China engaged in the trading and distribution of agricultural products,?announced on March 23 that it has completed acquiring 60% of the stock of Changbai Eco-Beverage for RMB70 million ($10.25 million).
Located in the Liaoning Province in China, Changbai is mainly engaged in the research, production and sale of various natural products including blueberry drinks, blueberry health care products, and bee products to meet the increasingly market demands in China for these goods. The Chinese economy's dramatic rise in the disposable income has increased the demand for "green foods" such as those provided by Changbai.
Founded in May 2008, Changbai estimates that it achieved a net income of approximately RMB15 million in 2009. With the strong demand for its products, Changbai plans to expand its blueberry distribution on a national basis, thus increasing its market share in the Chinese blueberry segment, and its recognition as a quality producer of organically friendly products.
As a result of becoming a part of the China Organic Agriculture’s family, Changbai will be able to more quickly expand both its distribution and its product mix in China’s expanding blueberry market. By utilizing the Company’s existing distribution network, Changbai will be able to do this while benefiting its distribution efficiencies and overall profitability.
About China Organic Agriculture
China Organic Agriculture is based in China and is primarily engaged in the acquisition, trading and distribution of agricultural products.
Source: China Organic Agriculture
