National Foods Targets Promising Growth In Non-Alcoholic Drinks Sector

Dairy and fruit juice producer National Foods , an Australian unit of Japanese brewer Kirin Holdings , is planning to enhance its portfolio of non-alcoholic beverages as part of a major push into the sector. In the wake of a breakdown in merger talks between Australian soft drinks producer Coca-Cola Amatil and Kirin's alcoholic drinks unit Lion Nathan , Kirin's expansion move represents yet another bid to compensate for Japan's sluggish demand by expanding its soft drinks and alcohol division internationally (see our online service, July 29 2010, 'Company Finance Alert - Acquisition Decision To Be Key Driver Of Kirin's Long-Term Growth').

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