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Suntory Beverage & Food Ltd. will buy Japan Tobacco Inc.’s vending machines for about ¥150 billion to add to its own, closing a distribution gap with Coca-Cola Co.

JT will sell its vending machine units and transfer two of its beverage brands to Suntory Beverage, the cigarette-maker said in a statement Monday. Suntory Beverage, which sells Pepsi products alongside bottled green tea and other beverages, will acquire about 260,000 machines through the deal, Executive Vice President Saburo Kogo said in a briefing in Tokyo.

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