Huiyuan Juice

The China Huiyuan Juice Group is a private enterprise drinks manufacturer and marketer in the People's Republic of China. The Group is headquartered Beijing. Chairman Zhu Xinli is.

It produces fruit and vegetable juices, fruit nectars, waters, teas and milk drinks.

History

Huiyuan was founded in 1992 by Zhu Xinli. Since 2007 the company is listed on the Stock Exchange of Hong Kong. That same year, Huiyuan contract supplier was for the Wal- Mart stores in the U.S..

23 % of the shares of Huiyuan so far include the French dairy group Danone, 7 % of the U.S. private equity firm Warburg Pincus & Co (end of 2008).

Early September 2008, joined the Coca Cola Company by a subsidiary of an agreement with Huiyuan over the complete takeover of the Group for 17.9 billion Hong Kong dollars ( 2.4 billion U.S. dollars). The offer almost equal to three times the quoted market price. The sale, however, was prohibited in March 2009 by the Anti-Monopoly Commission of the Chinese Ministry of Commerce, as Coca Cola did not meet the conditions for a sufficient amount want (including the delivery of the main brand of Huiyuan was required after the acquisition ).

Indicators

Huiyuan has 10 % market share, the largest producer of raw juices in China ( Coca Cola is leading with 9.6% in dilute juice beverages; together all sectors came Huiyuan and Coca Cola in 2008 jointly to just under 40% market share, the Chinese juice market total annual still growing by over 10 %). Huiyuan in 2007 achieved sales of 2.66 billion yuan (260 million euros ).