01 Nov SEAF Sells Remaining Stake in Chengdu BangBangWa
Washington, DC – Impact investing firm Small Enterprise Assistance Funds (SEAF), through its Western China focused Sichuan Small Investment Fund LLC (SSIF), announced today it has signed into agreement the transfer of its remaining 30% of shares back to the management of BangBangWa (BBW). SSIF first invested in BBW in 2007 when the company was still a small beef packaging company; now it has expanded into different markets while perfecting its packaging, thus making it one of the most recognized beef snack brand in China.
“Chengdu BangBangWa is a remarkable company that was able to recognize the need in the market for quality packaged beef jerky,” said George Zhang, Director of SSIF. “We are happy to have played a role in the company’s transition from a beef snack company, to a diversified meat packaging brand that is a leader in its field.” BBW has recently expanded into new product pipelines including soy snacks, beef variations, and herbal food supplements.
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