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It holds in its portfolio a few of essentially the most properly-identified manufacturers within the Philippine meals trade, among them, Magnolia, Purefoods, Monterey, Star and Dari Creme. In February 2001, SMC re-acquired management of Coca-Cola Bottlers Philippines, Inc. Shortly after, SMC acquired Pure Foods Company, becoming the undisputed market leader within the Philippines' meals industry, owning two-thirds of the refrigerated and processed meat market, and over a third of the poultry and feeds industries. As of July 16, 2013, San Miguel Pure Foods has a market share of over forty per cent, and is the Philippines' leading poultry producer. Whereas up to now, it had primarily focused on the premium promote it now pushed its medium and low-finish brands. Its B-Meg and Pure Blend brands are market-leaders within the animal feeds industry. From the mid-1950s to the 1970s, the production of steam generators for business and development was a key focus for the company, while cleansing expertise solely later turned Kärcher's essential income-producing sector. In October 2012, SMC bought again the 24% of SMC shares held by the federal government by way of Coconut Business Funding Fund (CIIF) firms by paying CIIF P57.6 billion. From August to September 2022, Iñigo U. Zobel sold a total of 86.432 million shares, this decreased his ownership to 1.487 billion shares or 62.36 p.c.

San Miguel Pure Foods would purchase 7.86 billion shares in San Miguel Brewery Inc. and 216.97 million shares in Ginebra San Miguel Inc. from SMC. In 2005, the company made its biggest overseas acquisition with the takeover of Nationwide Foods Ltd., Australia's largest publicly traded dairy, which it bought for P80.38 billion. San Miguel Meals and Beverage (previously San Miguel Pure Foods Firm) is the biggest meals and beverage company in the Philippines. That was adopted later in the 12 months with its $420-million buy of Singapore-primarily based Del Monte Pacific Ltd., the region's largest pineapple canner. SMC has also expanded its oil and energy enterprise with the acquisition of Esso Malaysia Berhad (65%), ExxonMobil Borneo Sdn Bhd (100%) and ExxonMobil Malaysia Sdn Bhd (100%) for US$577.3 million. In November 2007, SMC offered Boag's to Lion Nathan for A$325 million. Following the assumption of Joseph Estrada as President of the Philippines on June 30, 1998, Andrés Soriano III resigned in July 1998 and Eduardo M. Cojuangco Jr. was elected chairman of SMC. On June 16, 2020, Cojuangco passed away on the age of eighty five due to coronary heart failure and pneumonia. By the end of 1998, Cojuangco sold SMC's stake in Coca-Cola Drinks plc (Coca-Cola Amatil's bottler in Europe), together with SMC's 45% stake in Nestlé Philippines.

CCA soon demerged the latter operations into a UK-primarily based agency referred to as Coca-Cola Beverages plc (leading to a discount of SMC's stake in CCA to 22 percent). In 2006, SMC sold its 65% stake in Coca-Cola Bottlers Philippines, Inc. (including its subsidiaries Cosmos Bottling and Philippine Beverage Companions) to The Coca-Cola Firm (TCCC) for $590 million. In April of the next 12 months, SMC's domestic delicate-drink bottling unit, Coca-Cola Bottlers Philippines, Inc., was merged into the Australia-based mostly Coca-Cola Amatil Ltd. On April 15, 2021, ten months following the loss of life of Cojuangco, SMC amended its by-legal guidelines to unify the role, capabilities and duties of chief government officer (CEO) to that of the president. SMC shall amend its by-laws to redefine the roles, capabilities and duties of the chairman and chief govt officer, and the president and chief operating officer, topic to stockholders and SEC approvals. Based on the PSE disclosure following the 2021 annual stockholders' assembly of SMC, Ang remains as vice-chairman, president (CEO) and COO of the company.

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