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Suntory looking to acquire in East Europe and Middle East
According to reports in the Japanese press, brewing and distilling group Suntory is considering making acquisitions in East Europe, Africa and the Middle East.
With the intention of growing international sales by up to 40% over the next five years, the company is said to be considering targets with over $1bn in annual sales. Such a move would contribute to doubling Suntory’s turnover and help it expand beyond the increasingly stagnant domestic Japanese market.
“Despite launching as many as 200 new products a year, these days it’s difficult to grow an international drinks company without acquisitions,” Suntory chairman Nobuhiro Torrii was quoted as saying in Japanese media.
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