Sapporo May Spend $1.5 Billion on Acquisitions, Alliances

Sapporo Holdings Ltd., the Japanese brewer seeking to expand in North America, plans to spend as much as 125 billion yen ($1.5 billion) on acquisitions and partnerships over a four-year period.

The Yebisu and Sleeman maker aims to expand in North America, Southeast Asia and Japan, where it can build on existing businesses, incoming President Tsutomu Kamijo said in an interview in Tokyo. “More and more wealthy people are emerging in Southeast Asia,” he said. “There is no doubt that Vietnam will expand.”