Tag Archives: sale

Coca-Cola Amatil sells SPC

Coca-Cola Amatil has announced completion of the sale of the SPC fruit and vegetable processing business to Shepparton Partners Collective for $40 million. Taking into account forecasted working capital balances, working capital adjustments to the sale price and costs of disposal, Amatil says it is expected to record a profit …

Read More »

NQR sold as a going concern

Victorian discount-supermarket chain NQR has been sold as a going concern and will continue to operate. Bruno Secatore and Luke Targett of turnaround, restructuring and insolvency advisory firm Cor Cordis were appointed as administrators of the Australian-owned NQR Grocery Clearance Stores on January 24. “Following a process of making improvements …

Read More »

Darrell Lea business sold for $200 million

Quadrant Private Equity this week confirmed it had bought the confectionery business from the Quinn family, and said it had plans to expand the brand’s reach in Australia and overseas. Best known for its liquorice and Rocklea Road products, the iconic Darrell Lea brand has been around for more than …

Read More »

Suntory set to sell Cerebos food and instant coffee business

Cerebos Australia this week said it would begin a process that may lead to the sale of its food and instant-coffee business in Australia and New Zealand and Asian Home Gourmet in Singapore. Cerebos’ food and instant-coffee business includes market-leading brands across Australia and New Zealand such as Fountain, Gravox, …

Read More »