Iconic Australian food producer SPC has taken a majority stake in frozen ready meals manufacturer The Kuisine Company to improve its health and aged care sector offering.
The strategic investment sees SPC take control of the Emu Plains-based business which employs over 100 staff members and manufactures frozen meals and finger foods that are stocked in all leading Australian supermarkets.
SPC's acquisition also includes Kuisine's wholly owned brands The Good Meal Co, The Gluten Free Meal Co and Simply Special.
The Kuisine Company boasts a variety of major clients including Meals on Wheels and in health services.
SPC CEO Robert Giles said his company was impressed with Kuisine's success and sees a great opportunity to rapidly expand both businesses.
"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," said SPC CEO Robert Giles.
"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 will be manufacturers and innovators who will help drive Australia's post-COVID economic recovery. We must take all the opportunity to support those businesses so they can become leading brands that service not only the Australian population but the world."
Founder and director of The Kuisine Company Pran Gohil said SPC is an "ideal partner".
"We are proud to have built such a high-quality family-owned business that supplies customers throughout Australia," said Gohil.
"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."
Business News Australia
Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support