Japanese beverages giant Asahi, which paid $16 billion for the Carlton & United Beverages beer business last year, has made its first foray into coffee with the acquisition of Australasian brand Allpress.
Group chief executive of Asahi Beverages Robert Iervasi said the expansion into coffee would fill a gap in the group’s portfolio of non-alcoholic drinks, which includes the Schweppes soft drinks brands.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com