SPC, the Australia-based food group formed last year after a buy-out of assets from Coca-Cola Amatil, has snapped up a majority stake in local ready-meals supplier Kuisine Co. for an undisclosed sum.
Kuisine Co., based in Emu Plains in New South Wales, makes frozen ready meals and finger foods, selling to supermarket chains, health services and other foodservice channels.
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By GlobalDataThe acquisition includes Kuisine’s brands, The Good Meal Co, The Gluten Free Meal Co and Simply Special.
In a statement, Robert Giles, SPC’s CEO, said: “By acquiring Kuisine we are continuing to grow our health- and aged-care sector offering which already has a strong base through our existing ProVital brand. We were impressed with Kuisine’s success and see a great opportunity to rapidly expand both businesses.
“The scale and scope of Kuisine’s capabilities means that we can expand our offering to include frozen foods, finger foods and ready-made meals. It’s an exciting time for both businesses.”
Kuisine was founded 20 years ago by the Gohil family. Jitesh Gohil will continue as general manager and a director of the Kuisine business.
Pran Gohil, another director of Kuisine, said: “SPC is an ideal partner to drive the business forward into the next level of growth stage to deliver high-quality food to people in Australia and the rest of the world.”
In June last year, new vehicle SPC – or Shepparton Partners Collective – bought the SPC Ardmona business from Coca-Cola Amatil for AUD40m (US$27.9m at the prevailing exchange rate).
just-food has asked SPC for further comment on the deal for Kuisine.