Suntory Beverage & Food ¥150 billion acquisition of Japan Tobacco beverage business

Overview:

• Suntory Beverage & Food has acquired Japan Tobacco's beverage business for ¥150 billion.
• The deal includes Japan Tobacco's vending machine business and two drinks brands.
• The deal came about due to Japan Tobacco's declaration of its intent to sell its entire beverage business by the end of September 2015.
• Suntory is a drink's manufacturer that owns brands including Jim Beam, Orangina and Schweppes.
• As a result of the deal Suntory will operate 750,000 vending machines.

Sam Duke - Editor