San Miguel acquires Australian bottling company

ABS-CBN News

Posted at Jul 13 2017 12:39 PM

MANILA - San Miguel Corp said Thursday its packaging unit acquired an Australian wine bottling company, strengthening its operations in the region.

San Miguel Yamamura Australasia's purchase of Barossa Bottling Services will contribute 300 million Australian dollars to the Filipino conglomerate, San Miguel said in a statement.

“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,” San Miguel president and COO Ramon S. Ang said.

San Miguel Yamamura earlier this year acquired assets of Endeavour Glass Packaging in New Zealand and a 100-percent stake in Portavin Australia.

It also earlier acquired the cork and wine closures business of Vinocor and packaging company Cospak.

Barossa services artisan wineries in South Australia, San Miguel said.