Soft drinks company Coca-Cola Amatil has approached Australian fruit and vegetable processor SPC Ardmona with a A$500m (US$382.8m) takeover bid for the company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Coca-Cola Amatil, 34.5% owned by soft drinks giant Coca-Cola, has said it is prepared to offer between A$2.05 and $2.19 per share plus a three cent dividend, reported Dow Jones News.


SPC Ardmona had been in talks with Australian dairy company National Foods regarding a merger between the two firms, but talks were temporarily halted this week after New Zealand dairy giant Fonterra launched a takeover bid for National Foods.


SPC’s board has recommended that the company’s shareholders accept the offer; a vote has been scheduled for late January or early February.


SPC’s managing director Nigel Garrard said a merger with C-C Amatil would provide SPC with an opportunity to boost sales.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now