Vegetable juice acquisitionThis article was originally published in Foodnews
COCA-Cola is buying a vegetable juice maker, reports Reuters. Japan's Coca-Cola West, a Coca-Cola bottler, is buying Q'sai Co's equity for JPY35.9 billion (USD421 million), or JPY63.9 billion including the company's debt. Q'sai was put up for sale earlier this year by owners Daiwa Corporate Investment, the private equity arm of Daiwa Securities and buyout firm Polaris Capital Group. Daiwa and Polaris had paid about JPY60 billion for the equity of Q'sai in 2006, according to public records. Private equity firms Carlyle Group, Unison Capital and CVC Capital had also shown interest in the purchase, sources familiar with the situation told Reuters. Q'sai's main product is a green juice called aojiru, made from kale. The company also sells supplements, soap and cream containing collagen.