Sapporo group acquires 51% stake in top U.S. chilled beverage maker.TOKYO, Feb. 7 Kyodo
Sapporo Holdings Ltd. said Tuesday it has acquired a 51 percent stake in U.S. beverage maker Silver Springs Citrus Inc. from Toyota Tsusho America Inc. for $24 million (about 1.8 billion yen) as it seeks to launch full-scale beverage operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .
Sapporo, which has already established itself as a top brand for Asian beer in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , hopes the stake will provide it with a base for expanding its business and developing new products such as fruit juices, an sector that Silver Springs Citrus is strong in.
Silver Spring Citrus is the biggest U.S. manufacturer of private-brand chilled chill
1. A moderate but penetrating coldness.
2. A sensation of coldness, often accompanied by shivering and pallor of the skin.
3. beverages for large-scale retail chains and major beverage manufacturers mainly in the United States and Canada.
Its business has been growing steadily since Toyota Tsusho America acquired 100 percent of its shares in 1994 and introduced the ''Toyota production system'' to improve manufacturing efficiency.
Founded in 1921, the Florida-based beverage maker has capital of $32.5 million (about 2.5 billion yen).