Suntory, Kirin look for regulatory clearance on proposed merger

Posted by Daniel Palmer on 16th September 2009

Kirin Holdings and Suntory have sought approval from the competition watchdog in Japan for their merger plan despite being yet to announce a final agreement on a deal, according to reports from Japan.

The merger would create one of the world’s largest food and beverage companies – ranking in the top five globally, with a major presence here in Australia.

Together, Suntory and Kirin would combine to create a powerhouse in the beverage industry in Australia; with Kirin having recently purchased National Foods, Dairy Farmers and Lion Nathan*, while Suntory acquired Frucor earlier this year.

The two firms did not elaborate further on the merger plan they have presented to the FTC but have previously indicated they hope to reach a final agreement by year’s end.

* Lion Nathan deal still to be finalised.