Acquisitions · Frozen desserts
Sapporo and Toyota Tsusho's Country Pure Foods to buy a US sherbet business
- Buyer
- Sapporo Holdings and Toyota Tsusho (via Country Pure Foods) (Tokyo)
- Target
- Sherbet business of Ridgefields Brand Corp., United States
- Value
- About ¥1.5B
- Status
- Signed in June 2016.
- Date
- 2016-06-07
Country Pure Foods, owned 51% by Sapporo International and 49% by Toyota Tsusho America, agreed to buy the sherbet business of Ridgefields Brand Corp. for about ¥1.5 billion. The city where the business is based was not stated.
Why it matters
The purchase adds a frozen dessert line to the two Japanese groups' US juice and beverage business.
Sources
Kakehashi M&A News home
