SMC completes purchase of Australian packaging firm

DIVERSIFIED conglomerate San Miguel Corp. (SMC) said its unit has completed its acquisition of an Australian packaging firm to grow its international packaging business and increase its leverage in the Australian and New Zealand markets.

The conglomerate said over the weekend San Miguel Yamamura Packaging International Ltd. (SMYPIL), SMC’s international packaging arm, has acquired 100 percent of Portavin Holdings Pty. Ltd., a firm engaged in bottling of wine, trading, and distribution of packaging products in four key regions in Australia: New South Wales, South Australia, Victoria, and Western Australia.