Asahi has made a submission to the Australian Competition and Consumer Commission (ACCC) to obtain clearance for this proposed acquisition.
Mountain H20 was established in 2000, and owns a spring that provides a stable supply of high quality spring water. Its main business is bottling private label products for its grocery customers, by making use of its good technology, including the manufacturing capability to blow mould PET bottles in-house.
The acquisition of Mountain H2O will allow Asahi to secure a stable supply of spring water in the growing bottled water market in Australia, the company said.
Mountain H2O’s manufacturing capability will enable Asahi to provide quality spring water products, and enable Asahi Group Holdings to accelerate the streamlining of its Australian beverages business.
Source: Asahi Group Holdings
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