Firms to acquire duck breeder

Source:Global Times Published: 2017/9/11 22:23:39

Beijing Capital Agribusiness Group and CITIC Agriculture Industry Investment Fund announced on Monday that they have signed a final agreement to take over the UK's top duck breeder Cherry Valley Farms.

The companies are seeking to bring more Cherry Valley duck breeding stock back to China, which is said to be the world's largest duck producer and consumer.

Cherry Valley Farms is the world's leading breeder of what's known as Pekin ducks, according to the company's website. The type of duck is widely used in making the famous Peking roast duck in China.

Posted in: COMPANIES

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