David Blecken
Sep 10, 2009

Suntory in discussion to acquire Orangina

TOKYO - Suntory Holdings is in talks to acquire French soft drink brand Orangina, according to press reports.

Suntory in discussion to acquire Orangina
Should the deal go ahead, the Japanese beverage giant would be expected to pay close to US$3 billion for the company. Orangina is jointly owned by private equity firms Blackstone Group and Lion Capital.

The development comes as Suntory examines the possibility of a merger with domestic rival Kirin. That merger would create a billion-dollar advertiser.

Orangina has a limited presence in Asia, but with revenues of around $1.5 billion would be an important acquisition for Suntory as it looks to expand its reach outside the domestic market. In Europe, Orangina's creative account is aligned with Fred & Farid Paris.

“Like most Japanese companies, [Suntory] is looking outside Japan for growth,” said a media agency source in Japan. Suntory is also responsible for the bottling and distribution of PepsiCo products within that market.

 
Source:
Campaign Asia

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