GSK Completes Divestment of Lucozade and Ribena to Suntory
GlaxoSmithKline, which is one of the world’s leading pharmaceutical and healthcare companies, has completed the previously announced divestment of its nutritional drinks brands Lucozade and Ribena to Suntory Beverage & Food for £1.35 billion.
Suntory Beverage & Food is a leading global soft drink company, headquartered in Japan and listed on the Tokyo Stock Exchange, with an integrated platform across four key regions: Japan, Europe, Oceania and Southeast Asia. SBF has an extensive product line-up and in 2012 was the number four supplier of soft drinks globally and second in Japan. SBF’s vision is to be the leading global soft drink company recognized for its premium and unique brands.
SBF is a core company of Suntory Group, which was founded in 1899. With global consolidated sales of over £12 billion in 2012, Suntory has a range of businesses encompassing alcoholic beverages, wellness, food, restaurants and flowers with approximately 200 companies and 29,000 employees across Japan, Europe, Asia Pacific and the Americas.
