SPC Ardmona
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SPC Ardmona Limited
On the 25th of February 2005, Coca-Cola Amatil’s acquisition of SPC Ardmona Pty Ltd was formally completed. SPC Ardmona shareholders, including its many grower shareholders, voted overwhelmingly to accept the takeover offer in early February 2005.
CCA intends to continue operating SPC Ardmona as a separate business unit. A detailed strategic review of both SPCA and CCA’s existing beverage business will be undertaken. The review will address the immediate opportunities and synergies, as well as assess the medium term direction of CCA’s overall business. Benchmarking of world’s best practice will be undertaken across the industry, right from the fruit on the tree through to the final package consumed.
To find out more about Coca-Cola Amatil please take this link to the Coca-Cola Amatil website.
The 4th of January 2002 was an historic day for the food processing industry. The amalgamation of two world class organisations, S.P.C. Limited and Ardmona Foods Limited, created a force with a unified industry experience of over 160 years.
S.P.C. Limited
SPC was incorporated as an unlisted public company in 1918. Its initial shareholders were grower suppliers of deciduous fruit, who banded together to form a company which would manufacture and market their fruit.
The manufacturing plant was located in Shepparton, Victoria where it is still situated today, albeit now a much larger facility. In 1998, SPC installed a plant into a third party manufacturer in Thailand in a toll packing arrangement, producing tropical fruit products, which are exported into Europe and the USA.
In 1993, grower suppliers and their related parties still owned approximately 90% of the issued shares in SPC. The then board, management and shareholders realised that a traditional co-operative based structure could not continue if SPC were to realise true value for its shareholders and meet the increasing competition from low cost, subsidised, international competitors. SPC then listed on the ASX. Existing shareholders retained control of SPC through the formation of S.P.C. Holdings Ltd, which retained 80% ownership of SPC and was listed on the Austock Exempt Market.
SPC undertook a second capital restructure in April 2001. As a result of this restructure, SPC Group was streamlined to create a single entity on ASX, with one listed security – SPC ordinary shares and provided SPC with greater flexibility to implement its growth strategies. SPC became one of Australia’s largest processors and marketers of deciduous fruit.
SPC’s products are marketed both nationally and internationally. In the domestic markets, sales are made under the SPC, Southern Cross and Edgell (baked beans and spaghetti) brands.
Ardmona Foods Limited
From early beginnings as a co-operative in the heart of Victoria’s rich Goulburn Valley in 1921, Ardmona Foods Limited developed into a pioneering, grower owned company and grew to become one of the largest deciduous fruit processors in the Southern Hemisphere.
Early canning operations, in peaches, pears, apricots and apples, expanded in 1971 with the opening of a multi-million dollar juice and paste concentrate plant and, in 1973 with tomato processing operations. Ardmona was the first processor in the world to recognise and satisfy the demand for fruit packed in natural juice, a move soon followed by other major manufacturers in the world. Ardmona Foods Limited led the world with the introduction of unique Snack Pack technology into the market place in 1981 which was an important development in deciduous fruit technology.
Ardmona products were marketed in domestic retail and food service markets under the Goulburn Valley and Ardmona brands. International sales were largely private label products sold principally to Japan, Canada and the UK.
Ardmona’s manufacturing plant and distribution facility is located in Mooroopna in the Goulburn Valley, Victoria.
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