Coca-Cola Amatil and Beam Suntory extend relationship
Beam Suntory has announced it will be extending its sales and distribution contract with Coca-Cola Amatil by another two years.
The current agreement started in 2011 and the fact it will now run until 2025 is a major mark in Coca-Cola Amatil’s alcohol sector expansion plans.
Beam Suntory is the American manufacturing arm of Japanese beverage company, Suntory Holdings.
Coca-Cola Amatil and Beam Suntory between them control a 20 per cent share of the Australian spirits and ready-to-drink (RTD) beverage industry, which is said to be worth $5.5 billion annually.
Coca-Cola Amatil already has the Australian distribution rights for Beam Suntory’s Jim Beam Bourbon and Canadian Club beverages. Coca-Cola is typically marketed with Jim Beam in the Ready-to-Drink sector either as “Coke and Bourbon” or just “Coke and Jim Beam””.
The contract extension will see new alcoholic drinks join the Coca-Cola Amatil family. These drinks will include Midori and Japanese whiskies Yamazaki, Hakushu and Hibiki.
The two companies say they will be using the time extension as an opportunity to co-invest in marketing, sales and brand development.
The announcement comes not long after Coca-Cola Amatil recently reported that it was confident it would be able to secure a more profitable future.
In early 2014, when the Japanese-owned Suntory surprised the world with its acquisition of Jim Beam, could hinder the Coca-Cola Amatil strategy of expanding into the alcohol sector. However, it appears not to be the case.
DAIRY giant Fonterra is applying itself to help find solutions to malnourishment in older people.
The CSIRO has turned to gamification to help make eating vegetables appealing.
Australia Post has released their latest eCommerece report containing some key insights about the ...
With Valentine’s Day coming up this weekend, Lakanto has developed some romantic yet #ResponsiblySw...
McCain Foods has completed stage one of the $57 million upgrade of its Ballarat potato plant.
Forget the customary carrot sticks and cucumber slices for summer entertaining and use hommus to cr...
Woolworths will finally be able to sell what remains of its Masters home improvement chain with Lowe...
Hans Spanish Chorizo sold through Coles supermarkets have been recalled due to an E. coli contaminat...