Fruit Giants Unite, Eyeing $400 Million Revenue in First Year

SPC, which encompasses the SPC, Ardmona, Goulburn Valley, and ProVital brands, is to relist on the Australian Stock Exchange (ASX) after taking over the listed company Original Juice Co. It will also buy Nature One Dairy’s infant formula and powdered milk business. The acquisitions are expected to cost around $53 million (US$36.37 million) and $50 million, respectively. What began as a farmer co-operative called Shepparton Preserving Company in regional Victoria grew to become a listed company valued at $750 million, which was the price Coca-Cola Amatil paid to acquire it outright in 2005, and then delist it. It was bought out by a private equity group in 2019 for just $40 million....