SPC Global

What SPC Global does

SPC Global Holdings Limited (ASX: SPG) is an Australian packaged food and beverage company that designs, manufactures, and distributes branded grocery, beverage, dairy, and B2B ingredient products through four operating divisions: SPC (canned fruit, tomatoes, baked beans, spaghetti, ready-made meals), Nature One Dairy (powdered and liquid milk supplements including infant formula, fortified, and active nutrition ranges), The Original Beverage Co. (juices, wellness shots, functional hydration, and non-alcoholic cocktails), and Natural Ingredients (imported fruit and vegetable ingredient supply to Australian and New Zealand food manufacturers and food service). The portfolio spans 200+ active products across 19+ brands including SPC, Goulburn Valley, Ardmona, Pomlife, Good Meal Co, Naked Life, Posca Hydrate, Alive, and Daily Ritual, with manufacturing concentrated in Australia (Shepparton, Auburn, Mill Park, Carrum Downs, Griffith) and Thailand, supplemented by corporate offices in Singapore and Ho Chi Minh City.

The company traces its origins to a 1918 growers' co-operative in Shepparton, Victoria, and was acquired by private equity firm Perma Funds in June 2019. Between 2019 and 2024 it executed a roll-up of Pomlife, Kuisine, Good Meal Co, Nature One Dairy, The Original Juice Co., and Natural Ingredients, then re-listed on the ASX in December 2024 as SPC Global. Its go-to-market is primarily sales-led through Australian supermarket chains Coles and Woolworths and independent grocers, complemented by a B2B ingredients arm (Natural Ingredients), B2B food service supply, and an emerging international export channel focused on Asia-Pacific, China, New Zealand, and the USA. Demand-driven production, portfolio optimization, and category diversification into better-for-you beverages are the current operating priorities.

For the six months ended December 2025 (H1 FY26), SPC Global reported net sales of A$171.5 million, down 13.3% year-on-year, while normalized EBITDA improved to A$13 million from A$7.5 million in the prior year period, reflecting integration synergies, margin expansion, and portfolio rationalization. The company remains in a deleveraging phase, having launched a A$97.1 million rights offer in May 2026 to reduce pro-forma net debt from A$138.7m to A$38.7m. Revenue model is predominantly B2C unit sales of packaged goods through retail, supplemented by B2B ingredient distribution; pricing is not publicly disclosed.

Name

SPC Global

Legal name

SPC Global Holdings Limited

Website

https://spcglobalgroup.com

Company type

Public

Founded year

1918

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SPC Global (ASX:SPG) is a publicly listed Australian packaged food and beverage company manufacturing and distributing branded grocery, dairy, beverage, and B2B ingredient products across 19+ brands through Coles, Woolworths, and international channels in Asia-Pacific.

Ownership category

akta.pro rank

Product category

Packaged Food and Beverages

NAICS

Frozen Food Manufacturing (31141), Fruit and Vegetable Preserving and Specialty Food Manufacturing (3114), Food Manufacturing (311)

SIC

Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Dairy Products (2020), Beverages (2080)

akta.pro primary industry

Frozen Ethnic & International Meals (CRADADAE)

akta.pro secondary industry

Frozen Side Dishes (Vegetables, Potatoes, Grains) (CRADADAI)

Keywords

• Packaged food products
• Beverages and wellness drinks
• Powdered milk supplements
• Fruit and vegetable ingredients
• Ready-made frozen meals

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Packaged Food & Grocery Products: Revenue from manufacturing and selling packaged fruit, tomatoes, baked beans, spaghetti, and ready-made meals under brands including SPC, Goulburn Valley, Ardmona, Pomlife, Street Eats, and Good Meal Co. Products sold through Australian retail chains and food service channels.
2. Beverages, Juice & Wellness: Revenue from beverages, juice, and wellness shots through Nature One Dairy (powdered/liquid milk products), The Original Beverage Co., Juice Lab, Posca Hydrate, Naked Life, Alive, and Daily Ritual brands. Sold domestically in Australia and internationally to markets including China, Singapore, Vietnam, and Indonesia.
3. Natural Ingredients B2B Supply: Revenue from Natural Ingredients division which imports and distributes fruit and vegetable ingredients to Australian and New Zealand food manufacturing, food service, and retail industries.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

SPC Global is an Australian food and beverage company that manufactures and distributes packaged fruit, tomatoes, baked beans, spaghetti, ready-made meals, beverages, juice, wellness shots, and powdered milk supplements. The company operates through four divisions (SPC, Nature One Dairy, The Original Beverage Co., and Natural Ingredients) and supplies B2B fruit and vegetable ingredients to food manufacturers and food service operators in Australia and New Zealand.

Product overview

SPC Global is a diversified Australian food and beverage company operating through four divisions: SPC (fruit and vegetable products including canned goods, baked beans, spaghetti, and fruit snacks), Nature One Dairy (powdered and liquid milk products), The Original Beverage Co. (beverages and wellness drinks including juices and wellness shots), and Natural Ingredients (fruit and vegetable ingredients). The company offers over 200 active products across 19+ active brands, ranging from packaged fruit, tomatoes, baked beans, ready-made meals, beverages, juice and wellness shots, powered milk supplements, to food service ingredients. SPC Global serves markets in Australia, New Zealand, USA, New Territories (China), and Asia-Pacific, with manufacturing facilities across Australia and Thailand and corporate offices in Singapore and Vietnam.

Differentiator

Problem solved

Functional benefit

Brands

• Goulburn Valley: Fruit and vegetable brand based in Goulburn Valley Region of Victoria
• Ardmona
• Street Eats
• Pomlife
• SPC ProVital
• AU-12
• FortiPlus
• ActivePro
• GlucoCare
• Ripple
• H2O
• Go Kids
• Fluffy
• Juice Lab
• Original Juice Co Black Label
• Naked Life
• Posca Hydrate
• Alive
• Stacked
• Daily Ritual

Products and services

• SPC Packaged Fruit and Vegetables Canned fruit, tomatoes, baked beans, spaghetti, and fruit snacks manufactured in the Goulburn Valley region of Victoria for Australian retail and food service customers. Includes Minecraft-inspired product ranges launched March 2025.
• Nature One Dairy Powdered and Liquid Milk Powdered and liquid milk products including baby formula, fortified nutritional supplements, active lifestyle, glucose management, milk alternative, hydration, children's dairy, and dairy products. Available in Australia and international markets including China, Singapore, Vietnam, and Indonesia.
• The Original Beverage Co. Beverages and Wellness Shots Juices, wellness shots, and functional beverages including Juice Lab, Original Juice Co Black Label, Posca Hydrate, Naked Life, Alive, Stacked, and Daily Ritual. Targeted at Australian retail and food service, with expansion into Gulf and Southeast Asia markets.
• Good Meal Co. Frozen Ready-Made Meals Frozen prepared meals manufactured at the Auburn, New South Wales production facility for Australian retail and food service customers under the Good Meal Co. and Street Eats brands.
• Pomlife Pomegranate Products Pomegranate-based health products sold through Australian retail channels.
• Natural Ingredients B2B Fruit and Vegetable Supply B2B fruit and vegetable ingredient importing and distribution services for Australian and New Zealand food manufacturing, food service, and retail industries.
• Posca Hydrate Functional Hydration Beverage Sugar-free, stimulant-free functional hydration drink based on an ancient Roman recipe containing four essential electrolytes, distributed through The Original Beverage Co. with international expansion planned in Gulf and Southeast Asia markets.
• Naked Life Non-Alcoholic Cocktails and Beverages Australia's #1 non-alcoholic cocktail range, also producing sugar-free beverages, iced teas, and nootropics, distributed through The Original Beverage Co. via SPC Global's channel relationships.
• Eclectic Group Functional Beverage Portfolio Functional beverage portfolio including Alive (carbonated gut-health drink), Stacked (high-performance energy and functional milk), and Daily Ritual (premium wellness shots), launched through The Original Beverage Co. in partnership with Eclectic Group.
• SPC Minecraft-Inspired Product Range Minecraft-themed packaged fruit snacks including Diced Peaches in Golden Apple Flavoured Juice, Creeper Lime Flavoured Jelly with Diced Pears, and Watermelon Flavoured Jelly with Diced Pears, plus themed baked beans and spaghetti.

Quantifiable outcome

• Normalized EBITDA improved to A$13m from A$7.5m in H1 FY26 (+73% YoY improvement)
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Posca HydratecoreStrategic or Co-development PartnerPosca Hydrate, co-founded by Merrick Watts and Ed Stening, is a hydration drink based on an ancient European recipe (2,000-year old Roman drink). SPC Global partnered through The Original Beverage Co. to distribute and expand the brand domestically and internationally, particularly in Gulf and Southeast Asia markets. Posca Hydrate is sugar-free, stimulant-free, and contains four essential electrolytes. Launched in Australia October 2024.
• Naked LifecoreStrategic or Co-development PartnerNaked Life, founded by David Andrew in 2016, is Australia's #1 non-alcoholic cocktail range, also producing sugar-free beverages, iced teas, and nootropics. SPC Global partnered through The Original Beverage Co. to expand the brand domestically and internationally via SPC Global's distribution and channel relationships.
• Eclectic GroupcoreStrategic or Co-development PartnerEclectic Group, led by Matthew Bailey and Alli Bailey, launched functional beverage portfolio through The Original Beverage Co. Includes Alive (carbonated gut-health drink), Stacked (high-performance energy and functional milk), and Daily Ritual (premium wellness shots). Partnership combines FMCG expertise with next-gen consumer insight to drive category innovation and commercial growth.
• Fair Dinkum FoodsminorChannel Partner/ Reseller/ DistributorSPC Global entered a new partnership with Fair Dinkum Foods to produce Original Juice Company products at Fair Dinkum's Griffith, NSW facility. This manufacturing partnership is expected to save A$8 million annually and is part of SPC Global's refined manufacturing strategy, scaling back its own juice production move plans.
• Minecraft (Mojang)coreGTM or Marketing PartnerSPC secured an 18-month exclusive category partnership with Minecraft (Mojang/Microsoft) for SPC fruit snacks, baked beans, and spaghetti ranges. Launched March 2025 across Coles, Woolworths, and independent grocers. New Minecraft-inspired products include Diced Peaches in Golden Apple Flavoured Juice, Creeper Lime Flavoured Jelly with Diced Pears, and Watermelon Flavoured Jelly with Diced Pears. Also includes on-pack promotions with 1.5 million Minecoins prizes.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Asahi Beverages: Major Australian beverage manufacturer (Coca-Cola Amatil legacy, Solo, Schweppes, Carlton Draught via CUB). Broad incumbent in Australian non-alcoholic beverages; SPC Global's MD Robert Iervasi was previously Group CEO and COO of Asahi, indicating deep operational and channel overlap.
• Coca-Cola Europacific Partners: Largest Coca-Cola bottler and beverage distributor in Australia and Europe. Comparable as a large-scale beverage incumbent with similar Australian retail relationships and ongoing portfolio diversification into healthier drinks.
• Fonterra Co-operative: Global dairy giant with Australian ingredients and consumer brands (Anchor, Anlene). Comparable scale and ingredient-supply presence to Natural Ingredients division, and similar focus on Asia-Pacific dairy nutrition demand.

Direct peers

• Sanitarium Health & Wellbeing: Australian health-focused food manufacturer (Weet-Bix, So Good, Vegie Delights). Direct peer in wellness positioning, plant-based products, and Australian grocery distribution.
• Bega Cheese: Australian dairy and food manufacturer owning heritage CPG brands such as Bega, Vegemite, and Farmers Union. Comparable as a branded Australian food manufacturer with grocery-led distribution and recent M&A-led portfolio expansion.
• Goodman Fielder: Leading Australasian packaged food company with brands in baking, dairy, and meals (Mighty Fresh, Praise, Meadow Fresh). Direct competitor across SPC Global's packaged grocery footprint and similar retail channel exposure to Coles and Woolworths.
• Patties Foods: Australian frozen prepared meals and baked goods manufacturer (Four'n Twenty, Herbert Adams). Direct overlap with SPC Global's Kuisine and Good Meal Co frozen meals and similar retail channel dynamics.

Emerging players

• a2 Milk Company: Premium Australian/New Zealand dairy and infant nutrition brand with strong China export exposure. Comparable to Nature One Dairy on premium Australian dairy positioning into Asia-Pacific, particularly powdered milk and infant formula.
• Bubs Australia: Australian goat's milk infant formula and dairy nutrition company. Closely comparable to Nature One Dairy's AU-12 infant formula range and similar China cross-border e-commerce distribution model.
• Vitaco Holdings: Australian health and wellness food company (Musashi, Nutra-Life, Aussie Bodies). Comparable as a smaller-scale health-focused Australian CPG with powder supplement and nutrition product overlap with Nature One Dairy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/spcgloballtd

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPC Global