According to reports in the US, the Japanese drinks group, Suntory, is close to completing the sale of its US home and office water delivery business, Atlanta-based Suntory Water Group.

Sources at Salomon Smith Barney, which was engaged by Suntory to assist in the sale, have reportedly suggested the deal will be worth around US$800m, about 10 times the company’s EBITDA. Danone is thought to be the buyer though this has not been confirmed.

Suntory Water Group, which had sales of US$500m in 2001, said it did not comment on speculation.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now