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Coca-Cola to sell SPC

Coca-Cola Amatil CCA has reportedly put the SPC business up for sale.

Accordingly to News.com.au, CCA is aiming to offload the IXL jam brand and Taylor’s marinades, as part of SPC.

CCA managing director Alison Watkins said the company believed there were growth opportunities for SPC.

“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,” Ms Watkins said.

“There are no plans to close SPC: we see a positive future for the company as it continues to transform its operations.”

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