Cross-border Mergers And Acquisitions Of Chinese Food Enterprises

In recent years, due to the impact of the financial crisis in2008and other factors, global cross-border direct investment slumps, but China’s foreign investment has become a major bright transnational investment. The fields of foreign investments, was extended from the original resource industries to services, food and other industries. Since2013, the number of China’s food and beverage industry merger cases up to32, amounting to10.2billion yuan. But in2005-2010, the total number of food and beverage industry merger is only49cases, and the amount is only twenty billion yuan. However, our food companies’cross-border acquisitions of is still in infancy. Facing the new situation which is complicated, companies need be comprehensive ready. This thesis selects food companies cross-border acquisitions as the research object, studies the motivation, integration and performances, and summarizes the characteristics and the impact, in order to give the right proposals.This thesis includes five parts:The first chapter is an introduction, describing the research background, significance, research methods, content and ideas. The second chapter contains the theoretical basis of the literature review, and introduces the motivation of mergers and acquisitions, post-merger integration and performance of the merger, and analyzes the merger success factors, and summarizes characteristics of the food business cross-border acquisitions. The third chapter describes the cases, and the status of the acquisition process and the integration of related enterprises. The fourth chapter analyzes the case of mergers and acquisitions motivation, post-merger integration and acquisition performance, sand summarizes the factors affecting the success of the merger. The fifth chapter is to analyze the results for the fourth chapter and in combination with other cases of cross-border mergers and acquisitions of Chinese food enterprises typical case summary theoretical thinking, logical thinking basically the same. Chapter Ⅵ summarizes the contents and make recommendations. The innovations of this paper includes:(1) analyzing the characteristics and risk of the food industry enterprises overseas mergers, and presenting associated recommendations about the risks;(2) analyzing the relevant factors for the success or failed of China’s food industry overseas mergers, and presenting appropriate recommendations.As can be seen from this thesis, China’s food enterprises overseas mergers and acquisitions mainly so as to build the industrial chain mode, reduce production costs. But we can see that there are many problems, such as poor M&A performance, lack of strategic planning, underestimating risks. To solve these problems, we give corresponding solutions. I hope this thesis can provide guidance and reference.