Philippine conglomerate San Miguel Corp (SMC) has bought Australia-based Best Bottlers Pty Ltd for an undisclosed sum. The deal marks its sixth acquisition in the packaging industry in the Australia and New Zealand region.
SMC made the deal through its subsidiary San Miguel Yamamura Australasia Pty Ltd (SMYPC).
Located in Mildura, Best Bottlers is a wine bottling and specialized packaging facility in Australia. It claims to cater to a variety of wine packaging requirements, beginning with the storage of bulk wine.
SMC informed the Philippine Stock Exchange that the latest acquisition was made to expand the packaging presence of the San Miguel Group in the Australasian region.
In July, SMYPC acquired Barossa Bottling Services Pty Ltd, a wine bottler located in Nuriootpa, South Australia, for $8.9 million.
Barossa is a specialist independent contract wine bottling and packaging facility servicing small to large artisan wineries in the Barossa, Eden and Clare Valleys, Adelaide Hills and the Riverland.
SMC’s scrip ended Wednesday up 0.78 per cent at P115.70.