• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • GICA
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • GICA
  • CONTACT
1 MIN READ

Japan: Suntory to buy Japan Tobacco Inc’s vending beverage business

May 27, 2015
-
Asia Pacific, Non-Alcoholic Drinks

Suntory Beverage & Food Ltd has said it will buy Japan Tobacco Inc’s beverage vending machine business for around 150 billion yen ($1.2 billion), according to a report in Reuters.

Japan Tobacco announced in February that it would be exiting from the drinks sector, saying that the “operating environment of the beverage business in Japan has become increasingly challenging”.

Commenting on the proposed deal at a media briefing, Suntory Beverage President Nobuhiro Torii said: “We want to be the No.1 beverage maker in 2020 and we know it won’t be easy. We have got a strong partner to achieve this goal”.

The purchase, which is expected to be close by July, is subject to pending regulatory approval.

Source: Reuters

Tags
Japan Tobacco
Suntory
← PREVIOUS POST
UK: Muller Wiseman Dairies launches packaged butter
NEXT POST →
Portugal: Dia and Intermarche form purchasing alliance

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
Japan: Suntory to buy Japan Tobacco Inc's vending beverage business - Gama