SPC strategically invests in The Kuisine Company
Iconic Australian agribusiness SPC has taken a majority equity stake in The Kuisine Company — an Australian manufacturer of frozen ready meals and finger foods based in Emu Plains, NSW.
Over the last 20 years, Kuisine has grown to be one of Australia’s leading producers of high-quality prepared meals and finger foods, with a range of clients including NSW Health, NDIS, Meals on Wheels and other food service clients.
Last year, Kuisine was awarded a second five-year contract to supply 72% of ready-meal requirements to the NSW Health hospital network. At full rollout, this contract will require the provision of nine million meals per annum to NSW hospitals.
SPC CEO Robert Giles said, “By acquiring Kuisine we are continuing to grow our health and aged-care sector offering, which already has a strong base through our existing ProVital brand.
“We were impressed with Kuisine’s success and see a great opportunity to rapidly expand both businesses.”
The acquisition also includes Kuisine’s wholly owned brands: The Good Meal Co, The Gluten Free Meal Co and Simply Special. Jitesh Gohil will continue as General Manager and a Director of the Kuisine business.
“The scale and scope of Kuisine’s capabilities means that we can expand our offering to include frozen foods, finger foods and ready-made meals. It’s an exciting time for both businesses,” Giles continued.
“This announcement is in line with our strategy to become a global agribusiness, which we are continuing following our acquisition of Pomlife earlier this year and joint venture with Döhler.
“It will be manufacturers and innovators who will help drive Australia’s post-COVID economic recovery. We must all take the opportunity to support those businesses so they can become leading brands that service not only the Australian population but the world,” Giles said.
Kuisine Director Pran Gohil said, “We are proud to have built such a high-quality family-owned business that supplies customers throughout Australia. SPC is an ideal partner to drive the business forward into the next level of growth stage to deliver high-quality food to people in Australia and the rest of the world. We are looking forward to supporting SPC through this transition.”
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