One of Australia’s most famous brand names food brand names is combining with among the country’s most prominent juice firms and a dairy products company.
SPC has actually been around for greater than 100 years and is just one of Australia’s biggest manufacturers of tinned tomatoes, baked beans, tinned pastas and fruit.
It introduced on ASX, that it would certainly be combining with The Original Juice Company and Nature One Dairy, a Singaporean company that makes child formula.
The merging is anticipated to expand the juice firm’s item base to supply even more health and wellness aware food and beverages.
Acquiring the Singaporean milk company will certainly assist SPC broaden right into Asian markets.
Former Victorian premier Jeff Kennett will certainly relinquish his setting as chairman of the juice firm.
He stated the farming market was a core column of Australia’s nationwide identification and the foundation of numerous local communities.
“We should be supporting businesses like The Original Juice Company, SPC and NOD to continue to thrive in their mission to support local growers, employ Australians in our processing plants and produce iconic health products for consumers, both in Australia and abroad.
“I am excited about the combined businesses.”
SPC chairman Hussein Rifai stated their objective was to produce much better, much healthier food for the future.
“Since acquiring SCP from Coca Cola, our strategy has been to firmly establish ourselves as a leader in both the Australian and global markets,” he stated.
“Building a strong foundation in our home market is vital for sustainable growth and success.
“Our immediate focus is on solidifying SPC’s position as a domestic market leader.
“This is the essential first step before executing our broader global strategy, which targets key international markets, particularly in Asia, where we see significant growth.”
