By Aaron Cordy
AS indicated in the February 19, 2025, edition of The Adviser, Shepparton will remain the cornerstone of SPC Global. SPC confirmed in its ASX announcement they will provide more than 50 additional full-time jobs at Shepparton, maintaining SPC Global as a large-scale employer in Regional Victoria.
Free space at the Shepparton site SPC will be utilised to increase The Original Juice Co, production by 24 to 40 per cent. Longer-term expansion at the Mill Park site will be constrained, to move production lines to Shepparton within the next 24 months.
“The new capacity at Mill Park and the intended subsequent expansion of our Shepparton site brings forward our synergy realisation which provides confidence in our strategic direction,” said Robert Iervasi, SPC Global Managing Director.
“We’re well placed to expand into new channels, create innovative new products and formats, and manufacture more efficiently to meet demand. This is our competitive advantage which will enable us to generate long-term sustainable shareholder value.”
The long-term expansion plan is expected to deliver operating efficiency savings of approximately $4 million to $5 million per annum.
Since the merger of SPC, OJC and Nature One Dairy, the company has made its focus from commodity goods to customer-driven value-added offerings. This has shown good early results with SPC also announcing a total proforma revenue of $197.9 million and normalised2 proforma EBITDA of $7.5 million, in the first half of the financial year.
“These financial results reflect the businesses’ individual performances prior to the completion of the merger in December 2024,” Mr Iervasi.
“Since completion, we’ve been reviewing operations and developing a robust understanding of the synergies and growth opportunities we can unlock. We’ve shifted the focus to being a demand-driven and channel-led business, with the customer and consumer being at the centre of what we do every day.”
