Kirin, a Japanese beer and beverage holding company, offered to acquire the remaining 77% stake in FANCL, a cosmetics and dietary supplements company, for $1.4bn. With FANCL as a wholly-owned subsidiary, Kirin will accelerate the creation of a competitive business model by mutually complementing each company's unique strengths through the mutual utilization of management resources and the promotion of integrated management. By commercializing ingredients created through the natural technology of fermentation, leveraging customer understanding gained from Kirin’s and FANCL’s strong relationships with consumers, and delivering them to consumers through multiple channels in the Asia-Pacific region, the Kirin Group will contribute to solving consumers' health issues in both the cosmetics and health food businesses and further enhance its presence in the global market in addition to Japan.