Beam, the manufacturer of Jim Beam and Marker’s Mark has been acquired by Japan’s Suntory Holdings for US$13.6 billion (A$15bn), with annual spirit sales for the combined company expected to top US$4.3bn.
According to The Australian, Suntory has a portfolio of spirits, including Yamazaki and Hakushu whiskies, as well as Midori and others.
Suntory already distributes Beam beverages in Japan and Beam does the same for Suntory products in Asian markets. The boards of both companies approved the acquisition, which requires approval from Bean Inc stockholders, and is expected to close in the second quarter.
Suntory will pay $US83.50 per share, a 25 percent premium to Beam's Friday closing price of $US66.97, with the companies putting the deal's total value at about $US16 billion, including debt.