Japan's Suntory acquires PepsiCo unit

Japan’s Suntory acquires PepsiCo unit

Posted by Randal Rayborn on December 6, 2009 - Filed under Japan

Pepsi White is sold by Suntory in Japan

OSAKA (Kyodo) – Suntory Holdings Ltd. acquired a U.S. PepsiCo Inc. unit Friday, company officials said, for an estimated ¥10 billion.

Suntory’s acquisition of Conway-Myrtle Beach Inc., a franchise bottler based in South Carolina, comes as Suntory is holding merger talks with Kirin Holdings Co. that would create one of the world’s largest beverage and food firms.

Suntory, which has the exclusive sales rights to PepsiCo products in Japan, bought the assets and exclusive marketing rights from Conway-Myrtle Beach through a joint venture with PepsiCo.

The firm buys ingredients from PepsiCo and sells the products in South Carolina.

The shrinking domestic market due to a falling birthrate and aging population has pushed Suntory and other food and beverage makers to expand into foreign markets. – read more at JapanTimes.com…

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