The Original Juice Company (ASX:OJC) has merged with SPC Global and the powdered milk business owned by Nature One Dairy. The deal will deliver OJC with increased scale, diversification, significant operational synergies and a platform for further growth.
🍍 The deal is expected to create a market-leading Australian and global food and beverage company
🍊 SPC is a leader in the Australian food market and is one of the largest producers of packaged fruit, tomato-based products, baked beans, spaghetti and ready-made meals in Australia
🐮 Nature One Dairy is a Singaporean-registered, Australian-founded dairy business with powdered and baby formula milk products produced in Australia and sold extensively throughout Asia.
“SPC Global is excited to be joining with OJC and Nature One Dairy and come to market with a leading food and beverage platform.” – SPC’s incoming Managing Director, Robert Iervasi, who will lead the Combined Business
ASX announcement ⚡ https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02861351-6A1229078&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400 $OJC