India's Largest Database on New Projects
Sapporo may spend on acquisitions, alliances
22 February 2011: Sapporo Holdings, the Japanese brewer seeking to expand in North America, plans to spend as much as Yen 125 billion (approx $1.5 billion) on acquisitions and partnerships over a four-year period.
The Yebisu and Sleeman maker aims to expand in North America, Southeast Asia and Japan, where it can build on existing businesses, incoming President Tsutomu Kamijo said in an interview in Tokyo.
Sapporo, which plans to spend the amount between 2012 and 2016, is among Japanese brewers turning to overseas markets as a shrinking population dims domestic prospects.
Source: Businessstandard