SPC un­der strate­gic re­view

North East & Goulburn Murray Farmer - - NEWS -

THE po­ten­tial sale of SPC, based in Shep­par­ton, Coca-Cola has Amatil as the com­pany been con­tin­ues to strug­gle to meet flagged ex­pec­ta­tions. A strate­gic re­view was an­nounced late by last month - ex­pected owner to take around six months to com­plete - which will look at ways to re­vive the com­pany; in­clud­ing the pos­si­bil­ity of sale or merger. Coca-Cola Amatil has in­vested around $250 mil­lion of cap­i­tal in SPC since buy­ing the busi­ness in 2005 - but has faced on go­ing profit is­sues. "Our fo­cus is mak­ing sure that we are set­ting the busi­ness up by mak­ing the right choices, so it's a re­ally log­i­cal time to step back and look at al­ter­atives," Coca-Coala Amatil group man­ag­ing di­rec­tor, Ali­son Watk­ings, said. SPC is the only fruit pro­cess­ing can­nery in Aus­tralia.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.