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Suntory -Japan Tobacco in US$1.21bn vending maching acquisition deal

Suntory and Japan Tobacco in US$1.21bn acquisition deal, Suntory Beverage & Food Ltd, Japan Tobacco Inc, Japan Beverage Holdings Inc, JT A-Star Co Ltd
JAPAN –
Suntory Beverage & Food Ltd (SBF) is purchasing Japan Tobacco Inc (JT)’s vending machine business, in a country where vending machines can be found on most busy streets and a significant portion of beverage sales is made through them.

SBF announced that it has entered an agreement to purchase 100% of JT’s subsidiary JT A-Star Co Ltd (JTA), JT’s 70.5% and 49.7% stakes in Japan Beverage Holdings Inc (JB) and Japan Beverage Ecology Inc respectively, as well as two of JT’s beverage brands, Roots and Momono Tennen-sui.

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