SPC Ardmona has taken a majority equity stake in Australian manufacturer of frozen ready meals and finger foods The Kuisine Company, as the iconic fruit and vegetable processor continues its transition into a global agribusiness.
SPC, now under the ownership of Shepparton Partners Collective who bought the ailing business from Coca Cola Amatil, will grow its health and aged care food offerings by adding the Emu Plains, NSW company’s brands and 100 staff members.
Kuisine makes its The Good Meal Co, The Gluten Free Meal Co, and Simply Special brands for supermarket chains, health services, Meals on Wheels and other food service clients, while SPC offers its existing ProVital brand.
Jitesh Gohil will continue as General Manager and a Director of the Kuisine business.
SPC CEO, Robert Giles, said: “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.”
SPC has had a recent troubled history, losing more than $450 million in value under CCA ownership.
Since its rebirth under new owners the company has expanded from its traditional fields of tinned fruits, baked beans and spaghetti, buying Goulburn Valley pomegranate manufacturer Pomlife.
In June it established a joint venture with global food business Döhler which will create, manufacture and distribute new Australian sourced foods.
Giles said: “It will be manufacturers and innovators who will help drive Australia’s post-COVID economic recovery.
“We must all take the opportunity to support those businesses so they can become leading brands that service not only the Australian population but the world.”
Picture: The Kuisine Company
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