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Suntory Beverage & Food Says Executive Kazuhiro Saito To Become Next President
Suntory Beverage & Food unit to acquire 51 pct stake in International Refreshment (Thailand) for 33 bln yen
Suntory Beverage says unit selling some food, instant coffee operations to Kraft Heinz for 26 bln yen
Suntory Beverage & Food Limited is a Japan-based company principally engaged in the manufacture and sale of beverages and food. The Company operates in five geographic segments. Japan segment is involved in the manufacture and sale of mineral water, coffee beverages, tea beverages, carbonated beverages, sports beverages, as well as foods for specified health use in Japan. Europe segment manufactures and sells carbonated beverages Orangina and Schweppes, fruit juice beverages Oasis and Ribena, energy and sports drinks Lucozade in France, the UK, Spain and Africa. Asia segment manufactures and sells health food products, such as the BRAND'S Essence of Chicken series in Taiwan and Southeast Asia, including Thailand. Oceania segment manufactures and sells soft drinks mainly in New Zealand and Australia. Americas segment manufactures and sells soft drinks mainly in North Carolina, the United States.
Tokyo Square Garden, 3-1-1, Kyobashi
Chairman of the Board, Representative Director
President, Representative Director
Vice President, Chief Director of Monozukuri, Director of R&D, Director
Senior Managing Executive Officer, Chief Director of Japan Business, Director
Senior Managing Executive Officer, Chief Director of Corporate Management, Director
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* Says its unit Suntory Beverage & Food Asia Pte. Ltd. will acquire 51 percent stake in International Refreshment (Thailand) Co., Ltd. for about 33 billion yen, from Pepsi-Cola (Thai) Trading Co., Ltd., effective March 2018
Suntory Beverage & Food Ltd <2587.T> said on Thursday it has agreed to set up in Thailand a soft drink joint venture with PepsiCo Inc <PEP.N> in March, as it looks to expand in the Southeast Asian country.
* unit to buy 51 percent of Thai beverage company from PepsiCo unit
Suntory Beverage & Food Ltd and PepsiCo Inc plan to set up a soft drink joint venture in Thailand next spring, a person with knowledge of the matter said, declining to be identified because the decision is not yet public.
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