SAN MIGUEL Corp. (SMC) has expanded its packaging business in the Australasian region with the acquisition of an Australian supplier of wine bottle closures and customized bottles.
In a statement, the country’s most diversified conglomerate said San Miguel Yamamura Packaging International Ltd. (SMYPIL) -- through its new Australian unit, SMYV Pty. Ltd. -- has completed the purchase of Vinocor Worldwide Direct Pty. Ltd.
The Adelaide-based Vinocor makes cork, screw caps, customized glass bottles and champagne hoods and capsules.
“The acquisition will enable our packaging business to tap the expanding premium wine markets in Australia and New Zealand,” SMC President and Chief Operating Officer Ramon S. Ang said.
“Vinocor will complement our current packaging operations, the Cospak Group, in both countries.”
Cospak is the largest packaging trading firm in Australia. In 2009, SMYPIL bought a 65% stake in JHK Investments Pty. Ltd., which owns 100% of Cospak.
San Miguel Yamamura Packaging Corp. (SMYPC) is the biggest packaging company in the Philippines, producing glass, metal, plastic, aluminum cans, paper, and other packaging products.
Aside from supplying the requirements of the other businesses of SMC, it is also a packaging supplier to major multinational firms in the Philippines and customers across Asia Pacific, United States, Africa, Australia and the Middle East.
It also operates 10 international packaging facilities in China, Malaysia and Vietnam through SMYPIL.
SMYPC and SMYPIL are joint ventures of SMC and Nihon Yamamura Glass Co. Ltd. of Japan.
Aside from packaging, SMC is also engaged in the businesses of food, beverage, oil refining and retailing, power generation, infrastructure, telecommunications and mining. -- Krista Angela M. Montealegre
Source : http://www.bworldonline.com/