Page 7 - Food&Drink Magazine Jan-Feb 2019

Coca-Cola Amatil confirms SPC sale plan
Wiley expands in New Zealand
DESIGN build firm Wiley has acquired long-term NZ project partner Milmeq’s food processing engineering consultancy.
Milmeq’s chilling and freezing capability has been sold to NZ-listed Mercer Group.
Wiley will integrate a number of Milmeq staff into its New Zealand operations, and the company says the union will extend its capabilities and ensure continuity of service to Milmeq’s existing clients. ✷
COCA-COLA Amatil has confirmed it will sell its loss-making canned fruit business SPC following a strategic review of the business.
The IXL and Taylor’s brands will also now remain with
SPC with their expected sale to Kyabram Conserves no longer proceeding, the company says.
CCA managing director Alison Watkins recently told investors that a strategic review of SPC conducted during 2018 had concluded with a decision to proceed toward divestment.
SPC was expected to record
a full year loss in 2018 of around $10 million, according to Watkins.
“We believe there are many opportunities for growth in
SPC, including new products and markets, further efficiency improvements, and leveraging technology and intellectual property,” she said.
“The review has concluded that the best way to unlock these opportunities is through divestment, enabling SPC to
maximise its potential with the benefit of the recent $100 million co-investment, while Amatil sharpens its focus as a beverages powerhouse.
“There are no plans to close SPC. We see a positive future for the company as it continues to transform its operations.” ✷
CONVENTION CENTRE
www.foodanddrinkbusiness.com.au | January-February 2019 | Food&Drink business | 7
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