Suntory Ltd. said Friday it has agreed to tie up with PepsiCo Inc. to sell canned coffee in Southeast Asia.
Osaka-based Suntory will make Boss canned coffee in Malaysia for sale through PepsiCo's local bottlers in Malaysia and Singapore as early as November, a Suntory spokeswoman said.
Marketing will later extend to Thailand, the Philippines and Indonesia, targeting sales of ¥2 billion by 2010.
Privately held Suntory has only a liquor business in the region, the company said.
Suntory holds a 65 percent stake in North Carolina-based Pepsi Bottling Ventures, a manufacturing and marketing unit. PepsiCo holds the remaining 35 percent. Suntory holds the rights to make and sell PepsiCo products in Japan.
Separately, Suntory said it will acquire a 50 percent stake in Tipco F&B Co., a unit of Bangkok-based food maker Tipco Foods Thailand PLC., for about ¥4 billion.