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Danone agrees Frucor sale

24-Oct-2008

Related topics: Financial

The Asian arm of Danone has agreed to sell off Australasian energy drink brand Frucor to Suntory as part of a €600m restructuring of its operations.

The company says that the deal will allow it to better focus on producing natural mineral water and spring water-sourced drinks, with any additional payments being used to counter existing debts.

Suntory, a Japan-based food and beverage manufacturer, says it has actively sought strategic alliances and acquisitions to boost its international presence from its Asian heartlands to the US and Europe in recent years.

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