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Suntory Holdings Completes Acquisition of Beam Inc.

By May 20, 2014Top News

Suntory Holdings, Beam Inc.Suntory Holdings Limited and Beam Inc. completed acquisition of all outstanding shares of Beam for $83.50 per share on April 30, 2014 by Suntory.  Beam has been renamed Beam Suntory Inc. and intends to integrate the spirits business of Suntory Liquors Limited before the end of 2014. Beam Suntory will be headquartered in Deerfield, Illinois and led by Chairman and Chief Executive Officer Matt Shattock, who has been CEO of Beam since 2009. Beam Suntory aims to achieve growth in markets worldwide, including the United States, the world’s largest spirits market, by leveraging its combined portfolio of leading brands, and its strengthened global distribution network.

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