San Miguel Yamamura acquires Australia’s Best Bottlers
Conglomerate San Miguel Corp. said Tuesday its international packaging business—San Miguel Yamamura Packaging International Ltd.—acquired Australia’s Best Bottlers Pty. Ltd. (Best Bottlers).
San Miguel said in a statement the acquisition would enable the company to further boost its packaging presence in the Australasian region.
Located in Victoria, Australia, Best Bottlers is a wine bottling and packaging facility specializing in various formats of contract filling, including still and sparkling wines, cider, ready-to-drink and non-alcoholic beverages, including fruit juices.
The acquisition was done through SMYPIL’s Australian subsidiary, San Miguel Yamamura Australasia Pty. Ltd. The conglomerate did not disclose other details of the deal, including the acquisition cost.
This will be the fifth acquisition of SMYPIL in region and third for this year.
Earlier this year, San Miguel’s packaging arm acquired Barossa Bottling and Portavin, both in Australia.
It earlier acquired the assets of Endeavor Glass of New Zealand, and the cork and wine closures business of Vinocor and Cospak, another major packaging provider in Australia.
“As domestic and export demands grow, we continue to look for synergies and more opportunities for our packaging business,” San Miguel president and chief operating officer Ramon Ang said.
Aside from overseas expansion, Ang said the group was also building a new glass plant in Cavite set to be operational by the end of 2018.
“Other than glass, we also see the potential to grow other packaging formats like cans, plastics, and tolling businesses,” Ang said.
Ang in May said the conglomerate was spending $700 million to build the an integrated packaging facility in Davao City.
The facility to be located within the company’s 2,000 hectare industrial estate will have a glass manufacturing plant with a capacity of 800,000 metric tons, as well as a plastic and carton converting plant. San Miguel expects to finish the project over the next two years.
San Miguel’s packaging business delivered revenues of P14 billion, up four percent year-on-year.