CONGLOMERATE San Miguel Corp. said its international packaging business, San Miguel Yamamura Packaging International Ltd., acquired all of the shares of Australian firm Portavin Holdings Pty. Ltd.
Portavin is located in four key regions in Australia—New South Wales, South Australia, Victoria and Western Australia—and is involved in the bottling of wine, trading and distribution of packaging products.
Last year, in line with its packaging arm’s bullish stance on the Australian and New Zealand markets, the San Miguel’s packaging group acquired the assets of Endeavour Glass Packaging Ltd.
Located in Auckland, New Zealand, Endeavour Glass specializes in providing packaging solutions to the wine, beverage and food industries.
Other recent business acquisitions in the area include the purchase of the assets of Vinocor in 2015, a supplier of corks and closures for wine bottles in Australasia; and Cospak, one of the largest packaging firms in the region, years prior.
“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,” San Miguel president and COO Ramon S. Ang said. The acquisitions were done through San Miguel Yamamura Australasia Ltd., its Australian packaging subsidiary.