Sapporo to withdraw from American soft drink business December 24 21:15
Sapporo Holdings, a major beer maker, has withdrawn from the soft drink business in the United States.
According to the announcement, Sapporo Holdings, a joint venture with a local subsidiary of Toyota Tsusho, will sell all shares of Country Pure Foods, a soft drink business in the United States, to a local investment company for approximately ¥ 4 billion. .
"Country Pure Foods" has five factories in the United States and manufactures juices for hospitals and schools, as well as for private brands in supermarkets.
However, as demand for orange juice and other mainstay products has fallen, we have decided to withdraw from the soft drink business in the United States.
In the United States, the company will focus its management resources on the alcohol business, such as beer.
In the beer industry, Kirin Holdings has announced a sale of a group company that operates a beverage business in Australia.