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JAPAN: Izmic Corp. "buys rival drinks wholesaler"

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Japanese beverage alcohol wholesaler Izmic Corp. has reportedly bought rival firm Yoshikawasyuhan Corp. for an undisclosed sum.

Local reports said yesterday (2 April) that Izmic has bought Yoshikawasyuhan, a former subsidiary of Asahi Breweries, to expand into western Japan.

Izmic, which is based in the Japanese city of Nagoya, and generated JPY177.6bn (US$1.5bn) in sales for the 12 months to the end of May last year.

Yoshikawasyuhan, based in the Osaka region of Japan, posted turnover of JPY21.1bn last year.


Sectors: Beer & cider, Spirits, Wine

Companies: Asahi Breweries

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