Coca-Cola Amatil, the Australia-based food and beverage business, is looking to sell its food arm SPC.

The company has been reviewing the future of packaged fruit-to-baked beans supplier SPC, which it acquired in 2005, since August.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It announced today (30 November) it wants to offload the unit – and will try again to sell its IXL and Taylor’s brands after a deal to divest those assets fell through.

“The review has concluded that the best way to unlock these opportunities is through divestment, enabling SPC to maximise its potential with the benefit of the recent AUD100m (US$73m) co-investment, while Amatil sharpens its focus as a beverages powerhouse. There are no plans to close SPC. We see a positive future for the company as it continues to transform its operations,” Coca-Cola Amatil managing director Alison Watkins said.

It is not the first time Shepparton-based SPC has been touted as been a potential target for a sale. In 2016, Australian media reported the fruit and vegetable processor would be put up for review in 2017 under Watkins.

Earlier this week, Coca-Cola Amatil revealed a sale of IXL jam and Taylor’s sauces to Kyabram Conserves – a newly-established company backed by Sydney-based fund and asset manager Millinium Capital Managers – had fallen through.