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San Miguel buys Australian bottler Barossa

July 13, 2017 4:26 AM
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San Miguel buys Australian bottler Barossa

Conglomerate San Miguel Corp. (SMC)’s packaging arm has scaled up its regional packaging business with the acquisition of Australian bottler Barossa Bottling Services Pty. Ltd. (Barossa).

Barossa is a specialist and independent contract wine bottling and packaging facility serving artisan wineries in South Australia.

The acquisition was made by San Miguel Yamamura Packaging International Ltd. (SMYPIL) through its Australian subsidiary, San Miguel Yamamura Australasia Pty Ltd.

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.

“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,” SMC president Ramon S. Ang said in a press statement on Thursday.

As part of SMC packaging arm’s continued venture in the Australasian region, the SMYPIL group acquired the assets of Endeavour Glass Packaging Ltd. in New Zealand, and 100 percent shares in Portavin in Australia earlier this year.

The packaging group also acquired the cork and wine closures business of Vinocor in 2015, and Cospak, another major packaging provider from the region in the prior years.

Source: business.inquirer.net

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