Page 5 - Food&Drink July 2019

NEWS
Coca-Cola Amatil completes SPC sale
COCA-COLA Amatil has sold SPC to Shepparton Partners Collective for $40 million. Taking into account forecasted working capital balances, working capital adjustments to the sale price and costs of disposal, Amatil is expected to record a profit on sale of approximately $14 million. The sale agreement also includes a four year earnout structure which, subject to business performance, could result in up to an additional $15 million of sale proceeds at that time, CCA says.
The Shepparton Partners Collective
is a joint venture between Perma Funds Management and The Eights. The team has Australian and international experience in food, supply chain, finance, retail, agri-business and technology. Members of the team have previously worked with or advised Ernst and Young, Procter & Gamble, Johnson & Johnson, Cadbury’s and Kellogg’s. Its managing director is Hussein Rifai.
SPC managing director Reg Weine says the companywelcomedthesale.Thenewowners
committed to offering continued employment to all permanent SPC staff, he says.
“That’s great news for our team and a vote of confidence in SPC. It’s business as usual at all sites today, and we look forward to working with Shepparton Partners Collective on employment offers to our permanent staff and unlocking growth opportunities for the business as a whole.”
Rifai says: “Most importantly, we believe that SPC has the right management, led by Reg, to achieve ourprojectedthree-yeargrowthtargets.” ✷
Nourishing Aussie Families
Vaughan wins Kaufland build
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THE MOST VIEWED STORIES ON OUR WEBSITE LAST MONTH
KKR LEADS ON ARNOTT’S SALE
KKR & Co. (formerly Kohlberg Kravis Roberts) has become the frontrunner to
buy Arnott’s
biscuits from
its current
owner,
Campbell
Soup Company.
Mondelez
is said to
have walked
away due to its price and consumer trends moving towards healthier snacking options.
SEE STORY ON PAGE 6.
CHINA CHANGES FORMULA RULES
The Chinese Government announced plans to strengthen the domestic infant formula market, causing stock market pain for Australian manufacturers. Its goal is to increase domestic supplies to more than 60
per cent of the market.
SEE STORY ON PAGE 6.
OPEN SOURCE PACKAGING FROM AB-INBEV
AB-InBev launched a new can design for Corona Extra beer which enables multiple cans to be screwed together. It means there is no need for external plastic packaging. The design is open source, so the whole industry
can access and use the design.
OI MILLIE GLASS
A collaboration between O-I Glass, the Australian Beverages Council, brand agency Voice, and Monash University has created Millie, a new glass beverage packaging solution. Beverage and snack company Emma & Tom’s are using the bottle
for a new premium
juice range aimed at
the export market.
SEE STORY ON PAGE 39.
INDUSTRIAL building firm Vaughan Constructions has been awarded the contract to build Australia’s largest distribution centre for German supermarket company, Kaufland.
The new facility is on a 28 hectare site in Mickleham, Victoria. In March, Kaufland was granted planning approval for three supermarkets and the distribution centre.
Vaughan’s senior development manager Chris Telley says a detailed early contractor involvement process delivered “substantial” savings and design improvements for Kaufland. Vaughan worked “very closely” with the Kaufland team to “overcome key supply chain issues and meet strict budget expectations”.
The $255 million facility
will include more than 117,000 square metres of building
area, over two stages. Stage
One is 98,700 square metres of building area and 107,210 square metres of concrete hardstand, along with 168 recessed
loading docks and substantial temperature control areas.
“Kaufland were very mindful that the European climate, construction and building materials can be very different than those in Australia,” Telley says.
Kaufland’s initial investment in Australia is $459 million. It is owned by Schwarz Group, the fourth biggest retailer in the world. Its format is large warehouses of up to 4000 square metres, with as many
as 60,000 products across a widerangeofcategories. ✷
Pictured left: Representatives from Kaufland Australia, Vaughan Constructions, MAB Coporation and the local council turn the first sod on Kaufland’s site.
www.foodanddrinkbusiness.com.au | July 2019 | Food&Drink business | 5