Monday 24 September, 2018

SPC announces successful sale of IXL and Taylor's brands

Following the announcement of a planned divestment of IXL Jam and Taylor's Marinade and Sauces in January, SPC has today announced the sale of these iconic Australian brands to the Kyabram Conserves company.

SPC Managing Director Reg Weine said the new owners would continue to process IXL andTaylor's locally from the existing site in Kyabram, with the existing workforce.

"This is a good outcome forIXL and Taylor's and good news for the Goulburn Valley," MrWeine said.

"IXL and Taylor's are great brands, but the Spreads and Sauces/Marinades categories were a small part of the SPC portfolio and it was better we focused on areas where we have a more distinct competitive advantage.

"However, we had a great sense of responsibility in ensuring these heritage brands found a good home andthat's been achieved in this sale.

"We welcome the commitments from the new owners for continued local production and jobs, and a continued focus on delighting Australians with this world-class range of jams, sauces and marinades."

The commercial terms of sale were not disclosed.

The Kyabram Conserves company, is backed by Millinium Capital Managers Limited, a Sydney based fund and asset manager.

-ends-

Notes to Editor on IXL

  • •IXL is the no.2 selling Jam brandin Australia (Cottee's owned by Heinz is no.1).

  • •IXL was founded by Henry Jones in Hobart in 1891 asH. Jones & Company.

  • •'I excel in everything I do'was Henry Jones personal motto.

  • •In 1895 the company purchased a premise in Melbourne which became known as the Jam Factory.

  • •In 1974 Henry Jones IXL merged with Elder Smith Goldsbrough Mort & Co Ltd to form Elders IXL led by John Elliott.

  • •In 1989 it was sold to the US company J.M. Smucker Co.

  • •SPC acquired the IXL business in 2004.

For media enquiries, please contact:

Patrick Low (Coca-Cola Amatil)

Antonino Blancato (Financial & Corporate

e.patrick.low@ccamatil.com

Relations)

p. 0447 121 838

e.a.blancato@fcr.com.au

p. 02 8246 1009

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CCA - Coca-Cola Amatil Ltd. published this content on 24 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 September 2018 07:38:10 UTC