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Coca-Cola sells SPC Ardmona's Shepparton cannery business for $40 million
Shepparton buying coke
By Bransen Gibson. By Warwick Long. ABC Shepparton. Topic: Food and Beverage Processing Industry. AAP: Dan Peled. The Shepparton-based company launched a new capital raising venture on Thursday available exclusively for people from the Goulburn Valley. SPC chairman Hussein Rifai said the plan was about reconnecting the year-old business with the community where the company began. SPC started from the valley, the founders were people from the valley, the original share holders were people from the valley. He said the success of the company and people in the region was interlinked. SPC was founded in Shepparton in The new venture is the second time in less than a decade that SPC has asked for tens of millions of dollars. The Shepparton Preserving Company was founded in as a co-operative, merging with fruit preserving company Ardomna in Mr Rifai denied that the latest fundraising effort was a sign the company was in trouble financially. He said if money was the main motivator behind the decision, there would have been other, more profitable ways to go about acquiring it, adding that current ownership was 'committed' to keeping SPC operating. SPC chairman Hussein Rifai says the company is looking to reconnect with its roots. The Nationals MP and his grand parents all once worked for the company. Sam Birrell says the SPC wants locals to feel a 'sense of ownership' over the company. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Footer ABC News homepage.
Shepparton buying coke
Coca-Cola Amatil sells SPC unit to investor group Shepparton Partners Collective
Shepparton buying coke
Shepparton buying coke
Food processor SPC asks Goulburn Valley community to buy $20 million worth of shares in company
Shepparton buying coke
Shepparton buying coke
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Shepparton buying coke
Shepparton buying coke