The Lucozade and Ribena drinks brands have been sold by GlaxoSmithKline (GSK) to Japanese firm Suntory for \u00a31.35bn.<\/p>\n
Suntory already owns beverage firm Orangina Schweppes, and the deal is expected to help it expand into new markets.<\/p>\n
The deal was widely expected after Suntory was reported to be in talks with GSK last week.<\/p>\n
GSK chose to get rid of the well-known UK brands after deciding to focus on its core pharmaceuticals business.<\/p>\n
Ribena and Lucozade saw combined sales totalling \u00a3600m last year, but GSK decided to offload the brands after a strategic review in April.<\/p>\n
At the time, it said the brands would be able to grow better under different ownership.<\/p>\n
Ribena first went on sale in the 1930s, while Lucozade dates back to 1927.<\/p>\n
Both are made in the UK in Coleford, Gloucestershire.<\/p>\n
BBCUK<\/p>\n","protected":false},"excerpt":{"rendered":"
The Lucozade and Ribena drinks brands have been sold by GlaxoSmithKline (GSK) to Japanese firm Suntory for \u00a31.35bn. Suntory already owns beverage firm Orangina Schweppes, and the deal is expected…<\/p>\n","protected":false},"author":1,"featured_media":17067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-17066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n