Cola-Cola Amatil, the Asian Pacific arm of the soft-drink giant company, has started a “strategic review” of SPC, an Australian processor of packaged fruit and vegetable.
According to Ms Alison Watkins, managing director of Coca-Cola Amatil, the review coincides with the completion of a four-year, AUD 100 million co-investment in SPC in conjunction with the Victorian Government.
The investment has kept SPC operating, creating new business opportunities and modernising the plant and now is time to consider option for the business.
“We believe there are many opportunities for growth in SPC, including new products and markets, further efficiency improvements, and technology and intellectual property. The review will look at how this growth could be unlocked, potentially through a change in ownership, alliances or mergers,” said Ms Alison Watkins.
Coca-Cola Amatil has invested around AUD 250 million in SPC since acquired the business in 2005.
Source: Coca-Cola Amatil