Chinese firm Bright Food buys stake in Weetabix
China's Bright Food has bought a controlling stake in Weetabix, which owns the breakfast cereal brand as well as Alpen and Ready Brek.
Bright Food will take a 60% stake in Weetabix in a deal that values the company at £1.2bn.
The Northamptonshire-based firm was family-owned until 2004, when it was bought by Lion Capital.
Emma Simpson reports.