News: Yo-Ho Brewing Company Acquires Ginga Kogen Beer
Japanese craft beer brewer Yo-Ho Brewing Company announced the acquisition of fellow beer maker Ginga Kogen Beer last Thursday (September 28. 2017). Nagano based Yo-Ho Brewing Company, known by their flagship beers Yona Yona Ale and their IPA Indo-no-Aooni, said in an announcement on their website that the acquisition is to incorporate Ginga Kogen’s unique beer styles into their beer portfolio, especially their expertise with weizen and wheat beer styles.
The financial filing for the acquisition, as reported by Nikkei, shows that Iwate based Ginga Kogen had 788 million yen in total assets (-158 million yen in net assets) and 930 million yen in sales, with a net profit of 10 million yen for their 2016 fiscal year. The stock transfer for the deal is scheduled to conclude on October 31 this year. No information is available on other details of the acquisition, including the cost to Yo-Ho Brewing Company.
In 2014, beer juggernaut Kirin investing over a 1 billion yen in Yo-Ho Brewing Company, gaining 24% of shares from parent company Hoshino Resort. The new acquisition from Yo-Ho to another domestic brewer is one of the first in recent times and, as reported on Yo-Ho’s site, is done in the hopes of advancing the craft beer market in Japan through the combined strength of both companies.