BY ANGPING & ASSOCIATES SECURITIES
San Miguel Corp. (SMC) has expanded its packaging business in the Australasian region with the acquisition of an Australian supplier of wine bottle closures and customized bottles.
In a statement, the country’s most diversified conglomerate has completed the purchase of Vinocor Worldwide Direct Pty. Ltd.
The acquisition will enable SMC’s packaging business to tap the expanding premium wine markets in Australia and New Zealand.