On the Street: Asahi Buying House Foods/Mineral Water Corp.

April 9, 2010

On the Street: Asahi Buying House Foods/Mineral Water Corp.

April 8/Tokyo/FactSet Flashwire -- Asahi Soft Drinks Co Ltd., a subsidiary of Asahi Breweries Ltd., agreed to acquire the asset and business of House Foods Corp for 5.3 billion yen ($56.6 million). The assets to be acquired operate business under the brand name of Rokkono Oishimizu.

From the April 12, 2010, Prepared Foods E-dition

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Improper R&D processing thick products virtually guarantee failures at the plant. MicroThermics has extensive experience processing thick products including puddings, cheese sauces, fruit sauces & purées, concentrates, ice creams, cream cheese, and more.

According to the research organization, Statista, the sales of cold-brewed coffee are forecast to reach nearly $1 billion by 2025, growing at a compound annual growth rate (CAGR) of 24 per cent from the base year of 2015.