Pursuits
Asahi Eyes U.S. Beer Expansion With $3.7 Billion War Chest
- Japanese brewer says it’s working on U.S. deals and market
- Company plans to boost overseas sales amid Japanese weakness
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Asahi Group Holdings Ltd., the Japanese brewer that’s buying European brands from Anheuser-Busch InBev NV worth $2.9 billion, is now pursuing deals in the U.S. that would help boost distribution of its Super Dry beer in the world’s largest economy.
Tokyo-based Asahi is willing to spend 400 billion yen ($3.7 billion) starting next year, which includes raising debt and 100 billion yen in cash, on further acquisitions, President Akiyoshi Koji said in an interview Wednesday. The company is mainly seeking overseas investments to strengthen its alcoholic and non-alcoholic beverage businesses, said Koji.