Sugoi! Oishii! Japan’s Suntory buys Jim Beam

JimBeamBourbon

$16 Billion Deal

Japanese family-owned drinks firm Suntory is to buy the US beverage group Beam Inc, the company behind the Jim Bean bourbon brand.

Under the deal, worth $16bn in all, Suntory will pay $13.6bn in cash and take on Beam’s debt.

It will make Suntory the world’s third largest maker of distilled drinks.

The two companies have a previous partnership whereby they distribute each other’s brands in different markets.

Beam’s brands also include Maker’s Mark bourbon, Sauza tequila, and Courvoisier cognac.

Suntory is best-known for the Japanese whisky brands Yamazaki, Hakushu, and Midori liqueur and Bowmore Scotch whisky.

Following the announcement, Beam’s share price rose 24%…

read the rest…

BBC News

Enhanced by Zemanta

5 Comments on “Sugoi! Oishii! Japan’s Suntory buys Jim Beam”

  1. […] Pundit from another Planet $16 Billion Deal Japanese family-owned drinks firm Suntory is to buy the US beverage group Beam […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.