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Topic: Business, Economics and Finance. SPC produces a range of tinned fruit and food products. AAP: Dan Peled. The cannery has been purchased by a Melbourne-based company, Shepparton Partners Collective, which is a joint venture between Perma Funds Management and The Eights and has domestic and international experience in food, supply chain, finance, retail, agri-business and technology. SPC employs permanent staff and a CCA spokesperson said no jobs at the cannery or supply chain were expected to be impacted. Workers have been assured there will be no job losses as a result of the sale. CCA said there was strong interest from both domestic and international organisations during the divestment process. We're very, very, very proud of it,' he said. SPC managing director Reg Weine welcomed the sale, which he said would allow the company to continue to expand its operations. Mr Weine said the casual workforce fluctuated throughout the year, bringing up to casual or seasonal workers onboard during peak seasons — it is unclear whether these jobs will be impacted. SPC Ardmona has been canning fruit in Victoria's north since the s. State MP for Shepparton, Independent Suzanna Sheed, has welcomed the proposed sale, but said she was cautious about a private equity firm taking control of one of Shepparton's most iconic businesses. Mr Rifai reiterated that all permanent staff at SPC would be offered ongoing employment and said part of a new strategy would be to 'empower the staff' with knowledge and skills. Mr Rifai said he would be focused on making SPC more competitive both domestically and internationally. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Key points: The new buyer has promised all permanent SPC staff will be offered ongoing work Its new owner, Shepparton Partners Collective, has an agriculture business history Coca-Cola Amatil expects the sale to be completed by the end of June. Footer ABC News homepage.

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The new agreement gives Coghlan a mere day notice to vacate, effectively ending his operations. We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve. Copyright Newspaper Theme , by tagDiv. Facebook Instagram Linkedin Twitter. Sign in. Forgot your password? Password recovery. Recover your password. Get help. Tuesday, October 22, Latest News. Adviser is nominated for awards October 16, Home Latest News A Coke problem for local business. Photo: Supplied. Adviser is nominated for awards. Subscribe for exclusive content. Polls Contact.

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