Diversification into new lines of business began in the 1920s. The company opened in 1922 the Royal Soft Drinks Plant in Manila producing Royal Tru-Orange, other Royal products and aerated water. (In 1919, the company acquired the Oriental Brewery and Ice Company and transformed the building into an ice plant and cold storage; later the Royal Soft Drinks Plant.) Five years later, the company secured the rights to bottle and distribute Coca-Cola in the Philippines. In 1925, San Miguel went into the ice cream business with the purchase of the Magnolia Plant on Calle Avilés which was transferred a year later to a new site on Calle Echague (now, C. Palanca Sr. Street) in Quiapo District, Manila. The new site used to house the Fábrica de Hielo de Manila which was bought by San Miguel in 1924. To achieve greater self-sufficiency in its operations, the firm opened a new plant in 1930 to produce carbon dioxide for its soft drinks products and dry ice for the refrigeration needs of its ice cream products. In 1932, a plant was set up to produce compressed yeast for bakeries and medical use. The following year, the company leased from the government the site for Insular Ice and Cold Storage for a period of ten years.