The Kyabram IXL jam and Taylors sauce factory has been sold by SPC to a company which plans to continue the operations.
SPC Managing Director Reg Weine said the new owners would continue to process IXL and Taylor’s locally from the existing site in Kyabram, with the existing workforce.
“This is a good outcome for IXL and Taylor’s and good news for the Goulburn Valley,” Mr Weine said.
“IXL and Taylor’s are great brands, but the Spreads and Sauces/Marinades categories were a small part of the SPC portfolio and it was better we focused on areas where we have a more distinct competitive advantage.
“However, we had a great sense of responsibility in ensuring these heritage brands found a good home and that’s been achieved in this sale.
“We welcome the commitments from the new owners for continued local production and jobs, and a continued focus on delighting Australians with this world-class range of jams, sauces and marinades.”
The Kyabram Conserves company, is backed by Millinium Capital Managers Limited, a Sydney based fund and asset manager.