May 15, 2012

Asahi To Acquire Beverage Maker From Ajinomoto

Asahi Group Holdings Ltd., a beer-based beverage conglomerate, announced that Asahi will acquire all outstanding shares of Calpis Cp., Ltd., a soft drink maker, from Ajinomoto Co., Inc., a major seasoning manufacturer. Asahi will pay about 119 billion yen. Calpis is proud of its 107 billion yen in sales as of March 2012. Asahi aims to expand its soft drink business through this deal, and will become the No.3 player following Coca-Cola and Suntory Beverage & Food Ltd. Ajinomoto purchased Calpis in 2007.

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