SMC boosts Australasian operations through bottling firm acquisition

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Metro Manila (CNN Philippines, July 13) — San Miguel Corporation (SMC) on Thursday announced one of its units acquired an Australian bottling firm.

In a statement, SMC said its packaging arm, San Miguel Yamamura Packaging International Ltd. (SMYPIL) acquired Barossa Bottling Service Pty Ltd. through its Australian subsidiary, San Miguel Yamamura Australasia Pty Ltd.

"Barossa is a specialist and independent contract wine bottling and packaging facility serving artisan wineries in South Australia," the statement read.

SMC President and Chief Operating Officer Ramon S. Ang said the acquisition will help bolster their operations in the region.

"We remain bullish on the Australasian market and will continue to look for bigger and better opportunities in that region. In the meantime, our Philippine operations will continue to expand to meet growing domestic and export demands," the statement quoted Ang as saying.

The statement added San Miguel's packaging business earlier acquired assets of the Endeavor Glass Packaging Ltd. in New Zealand and all shares of Portavin in Australia as part of the conglomerate's continued venture in the Australasian region.

SMYPIL also acquired Vinocor's cork and wine closures business and packaging partner Cospak.

"With this new acquisition, SMC's packaging group expects the contribution of its Australian and New Zealand businesses to be close to 300 million Australian Dollars," the statement read.