FRUIT JUICE INDUSTRY – AUSTRALIA

SPC bets on a fruitful ASX future

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Original article by Simon Evans
The Australian Financial Review – Page: 15 : 18-Dec-24

Shares in SPC Global closed at $1.31 on Tuesday, the stock’s first day of trading on the Australian stock exchange after raising $2.4m. The iconic fruit processing company issued new shares at $1.50 apiece following a reverse takeover of The Original Juice Company. That deal expanded the group’s product range and brands, which include SPC, Ardmona and Goulburn Valley; SPC also struck a deal to acquire the Nature One Dairy infant formula and powdered milk business. SPC’s MD Robert Iervasi says the enlarged group will have more bargaining power when negotiating supply deals with Coles and Woolworths.

CORPORATES
SPC GLOBAL HOLDINGS LIMITED – ASX SPC, THE ORIGINAL JUICE COMPANY LIMITED – ASX OJC, NATURE ONE DAIRY

SPC heads back to the ASX for the first time in two decades

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Original article by Simon Evans
The Australian Financial Review – Page: 15 : 3-Oct-24

Iconic Australian canned food company SPC has revealed plans for a three-way merger with the listed Original Juice Company and powdered milk group Nature One Dairy. SPC will list on the Australian sharemarket via a reverse takeover of Original Juice, while it will pay $50m for Nature One. SPC chairman Hussein Rifai will become chairman of the merged entity, while Original Juice chairman Jeff Kennett will step down if shareholders approve the deal. SPC had previously been listed on the ASX until 2005, when it was acquired by Coca-Cola Amatil; SPC was subsequently divested in 2019.

CORPORATES
SPC GLOBAL LIMITED, THE ORIGINAL JUICE COMPANY LIMITED – ASX OJC, NATURE ONE DAIRY