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Asahi Holdings proposes acquisition of P&N Bevarages

Asahi Holdings Australia has proposed the acquisition of P&N Beverages Australia

Asahi is the owner of Schweppes Australia, a manufacturer and wholesaler of soft drinks, bottled water and fruit jucice. Schweppes markets its bottled water under brands such as Cool Ridge and Fiji and its fruit juice under its Spring Valley brand.

P&N Australia is also a manufacturer of soft drinks, bottled water and fruit juice. P&N’s products include: Pub Squash, Fuze and LA Ice soft drinks, Frantelle bottled water and P&N Juice.

The ACCC is currently conducting market inquiries to asses the likely effect of the proposed acquisition on competition.

The closing date for comments/submissions is 27 September 2010.

Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title Submission re Asahi Holdings (Australia) Pty Ltd acquisition of P&N Beverages (attention: Liam Stewart, Adam Triggs).

Alternatively submissions may be forwarded by fax to 02 6243 1212 or by mail to Mergers Branch, ACCC, GPO Box 3131, Canberra ACT 2601.

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