SPC – bought jam and sauces unit and facility
Australian fruit and vegetable-based meals enterprise SPC has bought its IXL jam and Taylor’s marinades and sauces manufacturers to Kyabram Jam Company for an undisclosed sum.
A manufacturing unit at Kyabram in northern Victoria can also be a part of the deal.
SPC – or Shepparton Partners Collective – bought the SPC Ardmona business from Coca-Cola Amatil in June for AUD40m (US$27.9m on the prevailing change price.)
The deal got here after a SPC Ardmona’s potential sale of the IXL jam and Taylor’s sauces unit to Kyabram Conserves fell by way of in 2018.
Speaking concerning the manufacturers and facility sale to Kyabram Jam Company, SPC’s CEO, Robert Giles, informed the Australian media the brand new house owners would proceed to course of the IXL and Taylor’s manufacturers from the prevailing website in Kyabram, with the prevailing workforce.
On SPC’s future, he’s quoted as saying: “Over the previous few months of SPC’s new possession we’ve began a number of necessary strategic tasks, recruited the proper workforce, employed extra everlasting employees and commenced the method of opening new gross sales channels and abroad markets.
“The sale of the IXL and Taylor’s brands is another step towards establishing the right business strategy.”
Australian broadcaster ABC described Kyabram Jam Company as a “mysterious buyer”, and stated its enquiries have revealed it to be a Malaysia-based investor.
just-food has requested SPC for additional info on the deal.