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

SPC will merge with Original Juice Co. and buy Nature One Dairy.

Assorted canned fruit and vegetables made by SPC Ardmona pictured in Brisbane, Australia, on Feb. 5, 2014. AAP Image/Dan Peled

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.