Coca-Cola Amatil completes acquisition SPC Ardmona

March 2005

On the 25th of February 2005, Coca-Cola Amatil’s acquisition of SPC Ardmona Pty Ltd was formally completed. SPC Ardmona shareholders, including its many grower shareholders, voted overwhelmingly to accept the takeover offer in early February 2005.

SPC Ardmona is Australia’s largest producer of packaged fruit and operates 6 principal brands across the processed fruit, vegetables, jams and sauces markets. These brands are SPC, Ardmona, Goulburn Valley, IXL, Southern Cross and Taylor’s.

CCA intends to continue operating SPC Ardmona as a separate business unit. A detailed strategic review of both SPCA and CCA’s existing beverage business will be undertaken. The review will address the immediate opportunities and synergies, as well as assess the medium term direction of CCA’s overall business. Benchmarking of world’s best practice will be undertaken across the industry, right from the fruit on the tree through to the final package consumed.