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Asahi Brewery Head Seeks Soft Drink Tie-ups

Asahi Brewery Head Seeks Soft Drink Tie-ups

Asahi Brewery Co. President Hitoshi Ogita has expressed his intention to seek a business tie-up between soft drink affiliate Asahi Soft Drinks Co. and other makers in the industry. Ogita revealed this during a recent interview with The Yomiuri Shimbun when he was asked about Asahi Brewery's merger and acquisition strategy. The Asahi Brewery president also indicated he would consider offers or proposals for its food businesses on a "case-by-case basis". The comments were given amid signs that the domestic market for alcohol and soft drinks is continuing to shrink, and after news that negotiations had started between Kirin Holdings Co. and Suntory Holdings Co. over a management integration deal. [...more]

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Saturday, November 25, 11:32 am

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