Posts Tagged ‘Holding’
Two Japanese Companies Want Beverage Giant Merger
Kirin Holdings, the Japanese beverage company, and Suntory is negotiating for a merger that would create one of the largest beverage producer in the world. Kirin Holdings Co. and Suntory Ltd. Holdings aims to reach an agreement this year, according to the Nikkei business daily reported without naming its source.
Entities of the merger will become the largest producer of soft drinks in Japan and the world with combined sales of 3.8 trillion yen group (U.S. $ 410 billion). The parent company will be greater than Anheuser-Busch InBev, based in Belgium and the Coca-Cola Co. of the United States. The new company will be equivalent to the food and beverage giant Pepsi Co. Inc. and Kraft Foods Inc. It is said, Kirin and Suntory is expected to strengthen their domestic revenue base and accelerate development of overseas market expansion. ”We have worked closely with Suntory in distribution, procurement, and many other fields, but nothing concrete has been decided about a business merger, as reported,” the company said in a statement.
