Three food businesses to merge to form SPC Global

Three Australian owned food and beverage businesses are to merge to form a $400 million a year food business with big export plans to be known as SPC Global.

Fruit and canned products manufacturer SPC, powdered milk business Nature One Dairy and The Original Juice Co. are to merge, eyeing off synergies between the businesses in Australia and Asia.

SPC has the manufacturing capacity to allow The Original Juice Co. to expand into new sales channels, while Nature One Dairy has distribution in Asia that presents opportunities for the larger group.

Former Asahi Beverages Group CEO and current SPC Director Robert Iervasi (pictured) has been appointed the Managing Director.

The expanded business will boast household brand names including SPC, Ardmona, Goulburn Valley, ProVital, Pomlife, the Good Meal Co, and Street Eats.

The Original Juice Company is a well-known Australian food processing company specialising in chilled fruit and vegetable juices, fibres, infused fruits, and fruit waters.

Nature One Dairy is a Singapore registered, Australian-founded dairy company that manufactures and sells premium infant formula, nutritional formula and milk powder products.

Together the three businesses create a substantial Australian based and owned global food and beverage companies that will continue to support Australian producers and execute on a global growth strategy.

Iervasi said: “SPC Global is excited to be joining with OJC and Nature One Dairy and come to market with a leading food and beverage platform.

“With our market leading packaged fruit, canned tomatoes, and baked bean products, we are excited to expand with OJC both domestically and globally and see significant synergy potential in bringing the two producers together.

“Proud of our 100-plus year history and our Shepparton roots, SPC looks forward to working with the OJC team to accelerate growth and leveraging the combined platform to enhance distribution of our products.

“The addition of Nature One Dairy also allows us to diversify and reach more consumers every day through our international channels.”

On completion of the Transaction, OJC, SPC and NOD shareholders are expected to hold 15.5 percent, 69.2 percent and 15.3 percent of the combined business respectively.

This will list on the Australian Stock Exchange, offering to deliver more than $400 million of revenues and more than $29 million of EBITDA in FY25.

Picture: Robert Iervasi