Yum China acquires 5% equity interest in chicken producer Sunner
The company has long been Sunner's largest customer.
Yum China announced that it has acquired a 5% equity interest in Fujian Sunner Development Co., Ltd., part of a bid to enhance the firm’s supply chain.
Founded in 1983 and headquartered in Fujian Province, Sunner is China's largest white chicken producer and covers the full production chain, including food processing and meat processing.
“The management team of Sunner has demonstrated exceptional execution capabilities over the years," said Joey Wat, CEO of Yum China. "With this strategic investment, we look forward to enhancing Yum China's supply chain security and deepening our collaborations with Sunner, including in the areas of product development and innovations."
"Yum China has long been Sunner's largest customer and an integral part of our growth since the beginning. Sunner is delighted to welcome Yum China as our strategic investor," added Guangming Fu, Founder and Chairman of Sunner.
At the end of December 2020, Yum China had 10,506 restaurants in over 1,500 cities.