Key facts
- Kirin Holdings will acquire Jamieson Wellness for C$1.9 billion ($1.3 billion).
- Jamieson Wellness is an Ontario-based vitamin and supplement maker.
- The acquisition marks Kirin's expansion into the health science sector.
- The deal provides Kirin with a foothold in the North American market.
Japanese brewer and beverage maker Kirin Holdings has announced a deal worth 1.898 billion Canadian dollars ($1.3 billion) to buy Ontario-based vitamin and supplement maker Jamieson Wellness. This acquisition aims to give Kirin a foothold in the health science sector in North America, a strategic move amid a flat beer market. The company has been diversifying into health foods and supplements.