The 106-year-old company is launching a capital raising to invite Goulburn Valley residents to become shareholders in the fruits and vegie business once more.
Fruit and vegetable processor SPC is asking Goulburn Valley residents to tip in $100,000 or more of their money to become a shareholder once again in the business that has been based in the Victorian region for over 100 years.
SPC is a major employer in the region, with about 470 permanent staff and as many as 1000 during peak seasonal periods. The business is hoping a $20 million capital raise exclusive to Goulburn Valley residents will boost the local economy and attract young people back to the region. The funds raised will go towards expanding product offerings and funding potential acquisition opportunities. Outside fruits and vegetables, SPC’s portfolio encompasses ready-meal food brands, The Kuisine Company and frozen quesadilla brand Street Eats, a category that has grown 25 per cent in the past year.
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