‘Nestle of Australia’: SPC goes for gold with three-way merger

Canned fruit and vegetable producer SPC is a step closer to building a global empire following a three-way merger with ASX-listed Original Juice Company and powdered milk business Nature One Dairy that is set to create a $400 million company.

SPC chairman Hussein Rifai and managing director Robert Iervasi will become the new entity’s chairman and global managing director respectively, meaning OJC chairman and former Victorian premier Jeff Kennett will retire. “The next step is to then be looking to our target markets, which is Asia Pacific, and then on to the Middle East, and other parts of the world, Europe and potentially somewhere else.”Credit:OJC is moving more towards “functional” products with health and wellbeing benefits such as juice shots for immunity, and SPC is increasing its convenience offerings like single-serve and easy-to-heat products.

“This is about becoming a big, defensible company that can buy from Australian growers and supply Australian food into Australia, but also look at a bigger portfolio beyond,” Cail said.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

‘Nestle of Australia’: SPC goes for gold with three-way mergerThe 107-year-old Australian fruit processing company is realising its global ambitions through a backdoor listing and joining forces with a juice and a powdered milk company.
Fonte: brisbanetimes - 🏆 13. / 67 Consulte Mais informação »

Global company SPC will merge with Australian brand Original Juice Company and Nature One Dairy7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Fonte: 7NewsSydney - 🏆 16. / 63 Consulte Mais informação »

SPC, Original Juice Company merger to shore up iconic Victorian food brands' futureIconic Australian fruit canning company SPC has agreed to merge with the Original Juice Company in a move to shore up their future in a difficult time for manufacturers.
Fonte: abcnews - 🏆 5. / 83 Consulte Mais informação »