San Miguel acquires Australian packaging firm

February 6, 2017

San Miguel Corp. announced that its international packaging business, San Miguel Yamamura Packaging International Ltd. has acquired 100 percent of shares in Portavin Holdings Pty. Ltd. (Portavin), a company statement said Monday.

Located in four key regions in Australia – New South Wales, South Australia, Victoria, and Western Australia, Portavin is involved in the bottling of wine, trading, and distribution of packaging products.

Earlier in 2016, in line with its packaging arm’s stance on the Australian and New Zealand markets, the packaging group acquired the assets of Endeavour Glass Packaging Ltd. (Endeavour Glass). Located in Auckland, New Zealand, Endeavour Glass specializes in providing packaging solutions to the wine, beverage, and food industries.

Other recent business acquisitions include buying assets of Vinocor in 2015, a market leader in the supply of corks and closures for wine bottles in Australasia; and Cospak, one of the largest packaging firms in the region, years prior.

The acquisitions were through San Miguel Yamamura Australasia Ltd., SMYPIL’s Australian subsidiary.

“These acquisitions will enable our packaging business to further expand in Australia and New Zealand. Portavin and Endeavour Glass will complement our current packaging operations, Cospak and Vinocor. Other than the Australasian region, we will continue to look for opportunities of growth for our packaging business in the Philippines and abroad.” said SMC president and chief operating officer Ramon Ang. DMS