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Weetabix chief welcomes Bright Foods takeover

3 May 2012 Last updated at 15:22 BST

China's Bright Food company has bought a controlling stake in Weetabix in a landmark deal that values the company at £1.2bn.

The company has been making cereals at its plant in Burton Latimer, Northamptonshire, since 1932.

Chief Executive Giles Turrell said the deal with Bright Food had secured the company's future.