The deal was disclosed in SPC’s annual financial report, in which it announced a $30 million EBITDA profit.
Under the arrangement, Nature One — a division of SPC Global — will manufacture Fonterra’s branded products sold overseas
The Nature One Carrum Downs site will be producing the Fonterra-branded products.
Fonterra recently announced it had sold its Australian assets to major French dairy company, Lactalis.
Asked about the impact of the sale on the SPC deal, SPC managing director Robert Iervasi said he had a good working relationship with the two companies and there would be no impact on the arrangement.
Earlier this year SPC Global’s new dairy division scored a multi-million dollar deal for distribution in China.
Nature One Dairy, will export milk powder products made in Australia, to a company which has outlets in the special administrative regions of Macau and Hong Kong.
The product, made at the Carrum Downs factory, includes infant milk formula and powders aimed at a range of ages and needs.
SPC’s main factory, with its fruit processing facilities, is in Shepparton in northern Victoria.
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