Pokka Corporation agreed to acquire Sapporo Beverage Co., Ltd. from Sapporo Holdings Limited (TSE: 2501) on November 29, 2011. The merged company will be known as Pokka Sapporo Food & Beverage Ltd. and will be headquartered in Nagoya, Aichi Prefecture, Japan. For the year ending December 2010, Sapporo Beverage reported sales of ¥31.26 billion, operating income of ¥1.25 billion, ordinary income of ¥1.18 billion, net income for the year of ¥798 million, total assets of ¥20.14 billion, and net assets of ¥2.68 billion. Masatoshi Hori, Chairman of Pokka Corp. will be the President of the new firm. The transaction was resolved by the Board of Directors of Sapporo Holdings on November 29, 2011. The merger agreement has been concluded on November 7, 2012. The transaction is expected to close in January 2013. The transaction will have minimal impact on the consolidated results of Sapporo Holdings for the current term.

Pokka Corporation completed the acquisition of Sapporo Beverage Co., Ltd. from Sapporo Holdings Limited (TSE: 2501) on January 1, 2013. In this merger, Pokka Sapporo will allocate 15.55 common shares to shareholders of Sapporo Beverage Co., Ltd. in exchange for every common share of Sapporo Beverage Co., Ltd. as an alternative for cash consideration. Post transaction the new company is named as Pokka Sapporo Food & Beverage Ltd.