San Miguel Yamamura Packaging International, a unit of San Miguel Corporation, has acquired Australia’s Vinocor Worldwide Direct for an undisclosed amount.
The acquisition is made through San Miguel Yamamura’s new Australian subsidiary, SMYV.
This is San Miguel Yamamura’s second acquisition of an Australian packaging company, after its 2009 acquisition of Sydney-based Cospak Group, which is said to be the largest packaging trading firm in Australasia.
San Miguel Corporation president Ramon Ang said: "The acquisition will enable our packaging business to tap the expanding premium wine markets in Australia and New Zealand. Vinocor will complement our current packaging operations, the Cospak Group, in both countries."
Vinocor supplies wine bottle closures and customised bottles in Australia. Its product portfolio includes cork, screw caps, customised glass bottles, champagne hoods and capsules.
As reported in Manila Bulletin, San Miguel Corporation had been seeking opportunities to enter new markets and expand the product lines of its core businesses.
With operations in China, Malaysia and Vietnam through San Miguel Yamamura Packaging International, San Miguel Yamamura Packaging Corporation is said to be the biggest packaging company in the Philippines.
San Miguel Yamamura Packaging Corporation provides packaging solutions and a range of products, including glass, plastics, metal, flexibles, PET, molds and paper and reliable services and technical expertise.