Suntory, which bottles and distributes PepsiCo products in Japan, said it will buy Nichirei’s acerola drink division in the spring of 2010, but it didn’t disclose the amount of the transaction.
The deal will allow Suntory to manufacture and sell the product, while Nichirei will supply the soft drink’s raw material, acerola juice. The division’s sales totaled ¥5.5bn in the year ended March.
Source: Hiroyuki Kachi, Dow Jones Newswires
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