Sapporo already owns a 21.65% stake in Pokka and it now seeks to purchase Pokka shares from the company’s two major stakeholders – Advantage Partners, which holds 56.7%; and confectioner and dairy company Meiji Holdings Co, which owns a 21.65% stake.
Sapporo’s annual soft drink sales are currently about ¥30bn, while Pokka’s are about ¥97bn. Together, the sales likely would rank around eighth in Japanese soft-drink market share.
Pokka, known for its canned coffee and lemon beverage products, has about 90,000 vending machines nationwide, through which the company enjoys stable profits from full-priced products. Sapporo, meanwhile, has about 30,000 vending machines. Pokka operates soft drink factories in Singapore and Malaysia for sales in the Asian market.
Headquartered in Tokyo, beer producer Sapporo Holdings was founded in 1876.
Source: Japan News
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