Philippines: San Miguel buys Best Bottlers in Australia

Visual from San Miguel Corp website

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.

Also Read:

Philippines: San Miguel to consolidate food, beverage units in share swap

Philippines: San Miguel unit buys Australian wine bottler Barossa

Australia: Accolade Wines buys competitor Fine Wine Partners

Philippines: Petron buys San Miguel power plant for $400m

Philippines: San Miguel plans $1b investment in cement biz, to build five new plants

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.