Tokyo, Jan. 15 - Japanese confectionery maker Meiji Seika Kaisha Ltd said on Tuesday it will purchase a 22 percent stake in drinks manufacturer Pokka Corp from domestic funds Advantage Partners and CITIC Japan.
Financial terms and further details about the terms of the deal were not disclosed.
Pokka Corp went private in 2005 in an Advantage Partners-led management buyout worth some 24 billion yen ($222 million).
Advantage currently owns around 78 percent of Pokka while CITIC Japan holds about 13.8 percent.
Meiji Seika and Pokka currently have no operational or capital ties but plan to form a comprehensive alliance that includes product development, marketing cooperation, use of each other's production facilities and joint procurement.