JAPAN: Kirin Holdings, Suntory to merge?

By | 13 July 2009

Kirin Holdings has said that no deal has been reached on a potential merger with brewing rival Suntory, but the group did not deny talks between the two rivals.

Kirin and Suntory, two of Japan's biggest alcoholic drinks makers and fierce rivals, are considering a merger, according to a report today (13 July) in Japanese business publication Nikkei.

In a statement today, Kirin refused to either confirm or deny the report.

But, the group appeared to indicate that the door may be open for a deal: "Kirin and Suntory have already collaborated in various operational areas such as distribution and procurement. However, nothing has been resolved or reached an agreement in the area of business merger."

Even if a deal was agreed, competition authorities in Japan could still move to block a deal. Kirin and Suntory combined would control around half of the Japanese beer market.

Kirin has actively pursued deals so far in 2009. The group has signed a distribution deal with Diageo in Japan. It has also agreed to take full control of Australian brewer Lion Nathan and accumulated a 48% stake in San Miguel Brewery.

Sectors: Beer & cider

Companies: Kirin, Suntory, Diageo, Lion Nathan

View next/previous articles

Currently reading -

JAPAN: Kirin Holdings, Suntory to merge?

There are currently no comments on this article

Be the first to comment on this article

Related articles

just the round-up - The week in drinks

The top ten stories published on just-drinks this week:

INDIA: Radico Khaitan to block Diageo JV deal

Radico Khaitan, India's second largest spirits producer, has said it will block Diageo from taking full control of the two firms' joint venture.

US: Marketing switch in US for Russian Standard

Russian Standard has confirmed a change of personnel in the marketing department of its US unit.

Read more on this hot issue

Suntory and Kirin

The confirmation on Monday (13 July) that Japan's two largest drinks companies - Kirin and Suntory - are in discussions on merging their operations may have caught the industry by surprise, but the reasons for the move have quickly become apparent. The implications for the global drinks business are equally clear. Julian Ryall reports from Tokyo.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page