Kirin Holdings announced on the 7th that it will acquire all outstanding shares of Canadian supplement giant Jamieson Wellness, making it a wholly owned subsidiary. The acquisition price is 1.898 billion Canadian dollars, or approximately 218.3 billion yen, with the share acquisition expected to take place from October onward following domestic procedures in Canada. As Japan's beer market shrinks, Kirin Holdings aims for growth in health-related businesses and is focusing on products using its proprietary ingredient, plasma lactic acid bacteria. In the health food sector, it has already acquired Fancl and Australia's Blackmores to strengthen its business in the Asia-Oceania region, and this acquisition is intended to further accelerate growth.
Kirin Holdings Co. Ltd.Kirin acquires Jamieson Wellness for ~218.3 billion yen to expand health business.
Jamieson Wellness to be acquired at a premium, becoming wholly owned subsidiary.
