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SMC to Acquire Cospak Group

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San Miguel Corp. (SMC), the Philippines, announced this week that through its subsidiary, San Miguel Yamamura Packaging International Ltd (SMYPIL), the company has entered into a sale share and subscription agreement for the acquisition by SMYPIL of a majority stake in the Cospak Group. Based in Sydney, Australia, the Cospak Group is the largest packaging trading firm in Australasia. Although the Group operates largely in Australia and New Zealand, the company has trading outposts in South Africa and Italy. SMYPIL hopes to make the Cospak Group the vehicle for its Australasian and rapidly growing exports business. With packaging businesses in Malaysia, China, Vietnam, and Indonesia, SMYPIL is a joint venture of SMC and Nihon Yamamura Glass Co. of Japan.


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