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Morinaga & Co. to merge with Morinaga Milk, creating Japan's 2nd-biggest maker of snacks, dairy products

( February 24, 2017, 01:33 GMT | Insight) -- Morinaga & Co., a Japanese confectioner, will merge with Morinaga Milk Industry, creating the second-biggest Japanese maker of snack and dairy products after Meiji Holdings, the Nikkei newspaper reports. Morinaga & Co., a Japanese confectioner, will merge with Morinaga Milk Industry, creating the second-biggest Japanese maker of snack and dairy products after Meiji Holdings, the Nikkei newspaper reports. Morinaga & Co., Japan's sixth-biggest confectioner, and Morinaga Milk Industry, the second-largest maker of dairy products, became separate companies in 1949. The new company would have annual sales of almost 800 billion yen ($7 billion). Morinaga & Co. is the biggest shareholder of Morinaga Milk Industry, with a 10.5-percent stake, according to the report. ...

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