Japan firm buys Lucozade and Ribena

POPULAR soft drinks brands Lucozade and Ribena are to be swallowed by Orangina Schweppes owner Suntory for £1.35bn.
By The Newsroom
Published 9th Sep 2013, 09:56 BST
GlaxoSmithKline has agreed to sell the soft drinks brands for £1.35 billion to Orangina Schweppes owner Suntory.GlaxoSmithKline has agreed to sell the soft drinks brands for £1.35 billion to Orangina Schweppes owner Suntory.
GlaxoSmithKline has agreed to sell the soft drinks brands for £1.35 billion to Orangina Schweppes owner Suntory.

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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Drugs 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.

Related topics:JapanGloucestershireFood