Pursuits
Asahi Group to Purchase Charlie’s, P&N Water, Juice Units
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Asahi Group Holdings Ltd., Japan’s biggest beermaker by sales volume, agreed to buy water and juice businesses in Australia and New Zealand for $309 million to expand overseas as sales decline at home.
Asahi plans to complete the A$188 million ($202 million) purchase of P&N Beverages Australia Pty Ltd.’s water and juice divisions in September, it said in a statement today. The Tokyo-based company also agreed to pay NZ$129 million ($107 million) for Charlie’s Group Ltd., a New Zealand-based fruit juice producer, Asahi said in a separate statement.