Country News

SPC selling its review to staff

By Geoff Adams

SPC has begun an information campaign to re-assure staff about the future of the Shepparton factory, as it announced a strategic review that could result in the company being sold.

Managing director, Reg Weine, spoke to employees at Shepparton and Kyabram on Wednesday, after owner CCA announced the review.

Group Managing Director of Coca-Cola Amatil, Ms Alison Watkins, said the review coincides with completion of a four-year, $100 million co-investment in SPC in conjunction with the Victorian Government.

Investment under this agreement was completed in June 2018 and included $22 million by the Victorian Government and $78 million by Coca-Cola Amatil.

“As we said at the time, without this investment the future of Australia's best-loved packaged fruit and vegetable brands were in question,” Ms Watkins said.

“With this investment we kept SPC operating, invested in modernising the plant and created new business opportunities. “These included new tomato and high-speed snack lines, a new aseptic fruit processing system and new export opportunities including China, all of which will support ongoing growth. “The co-investment is complete, and now is the right time to consider options for the business. “