Japan: Sapporo Breweries Ltd. looks to acquire regional brewer Ginga Kogen Beer Co. for US$4.3 million
Japan’s Sapporo Breweries Ltd., the recent successful bidder for Canadian Sleeman Breweries has plans to acquire regional brewer Ginga Kogen Beer Co. for JPY500 million (US$4.3 million) owned by a construction firm. The company has been laid under liquidation legal procedures ever since March 2006. Reports confirmed that Sapporo intends to accomplish the purchase of the brewery by the end of November 2006.
According to reports of October 12, shipments of beer in September by five major Japanese manufacturers, including Sapporo dropped 4.7 percent from the year earlier to the lowest level since an industry organization began compiling statistics in 1992.
Sapporo’s main rivals on the domestic market, Kirin Brewery Co. and Asahi Breweries, were respectively the No. 1 and the No.2 breweries over the January-September period, with a market share of 38% and 37.3% each.
In August, Sapporo Breweries Ltd. posted a net loss of JPY3.9 billion for January-June 2006 (JPY5.2 billion in 2005). The brewer said sales dropped by 4% to JPY200.1 billion.
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