Fujian Sunner Development Brings in KKR as Strategic Investor
August 26, 2014
Partnership to promote safe chicken production in
Sunner is China’s largest breeder, processor and supplier of chicken products, providing fresh and frozen chicken for China’s fast food industry, food manufacturing industry and meat wholesale markets. Through its vertically integrated facilities, Sunner has oversight of the full production chain, ranging from chicken farming to the management of feed mills to processing, which better ensures safe and quality food products.
Chicken is the fastest-growing protein in
Fu Guangming, Chairman of Sunner, said: “Chicken is the most efficient form of animal protein, and the market demand for high-quality chicken products is expected to remain strong. We are very excited to bring in a world leading investment firm such as KKR as our long-term strategic investor, as we share the same commitment to provide the best quality and safest food products to Chinese consumers. We look forward to leveraging KKR’s global resources and operational expertise to further strengthen Sunner’s market leadership, and to meet the growing domestic demand for healthy chicken.”
The partnership is a reflection of KKR’s commitment to help address the
growing demand in
“Vertically integrated chicken farming is a key solution to the food
safety threats facing China’s animal protein sector. Sunner has an
excellent track record and has thoughtfully constructed its farms and
processing facilities at strategic locations to ensure chicken quality
and health. It is a unique company within its industry with an
outstanding management team and we look forward to partnering with
Sunner as it expands its operations to meet the increasing consumer
demand for safe high-quality protein,” added
The transaction is subject to customary approvals.
About
Sunner successfully realizes the traceability of its products to
guarantee the food safety by leveraging its fully integrated production
chain, and becomes the strategic cooperative partners of many
distinguished customers due to its high quality and stable supply. It is
the chicken meat supplier of 2008 Beijing Olympic Games, 2010
About KKR
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. KKR seeks to combine its global resources and network
with local expertise to assist its investment companies by bringing
value-add beyond capital. KKR’s
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Media:
For Sunner:
sn023@sunnercn.com
or
For
KKR China:
opal.ma@alliance.com.cn
or
fanny@alliance.com.cn
or
For
KKR:
KKR (
anita.davis@kkr.com
or
KKR
(
kristi.huller@kkr.com
Source: KKR
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