Philippines-based group San Miguel Yamamura Packaging International (SMYP) has completed the acquisition of Australia’s wine cork and cap maker, Vinocor Worldwide.
This is the second acquisition of an Australian packaging company by San Miguel’s international packaging unit.
San Miguel said in a statement the purchase of Vinocor Worldwide Direct Pty. Ltd. was made through San Miguel Yamamura’s new Australian subsidiary, SMYV Pty Ltd.
“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,” said San Miguel president and chief operating officer Ramon Ang.
Vinocor is a supplier of wine bottle closures and customised bottles in Australia. With facilities and operations based in Adelaide, South Australia, its products includes cork, screw caps, customised glass bottles and champagne hoods and capsules.
In 2009, San Miguel Yamamura Packaging Corp, through SMPIL, signed a sale share and subscription agreement to purchase a majority stake in the Cospak Group.
Based in Sydney, Australia, the Cospak Group is the largest packaging trading firm in Australasia. The group operates largely in Australia and New Zealand, but the company has trading outposts in South Africa and Italy.
SMYP is the largest packaging company in the Philippines, operates facilities in China, Malaysia and Vietnam.
SMYPC is a joint venture of San Miguel and Nihon Yamamura Glass Co. Ltd. of Japan.
SMYP has been expanding its business in several parts the world. In 2012, SMYP entered into a partnership with Poland-based Can-Pack to form an aluminium can manufacturing business geared towards the Philippine and Asia Pacific market.