Japan firm buys Lucozade and Ribena
GlaxoSmithKline is selling the historic brands to Japanese drinks group Suntory Beverage & Food after putting them up for sale earlier this year.
Lucozade and Ribena, which date back to 1927 and the 1930s respectively, are made in the UK at a factory in Coleford, Gloucestershire, which employs around 500 staff.
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Hide AdDrugs giant Glaxo kicked off their sale in April after concluding they would grow better under a different owner. Instead it plans to increase the focus of its consumer healthcare business, which includes brands such as Sensodyne, Panadol, Aquafresh and Nicorette.