Coca-Cola Amatil, one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region, is considering selling its SPC fruit and vegetable canning business, saying a change of ownership is among the options to grow the underperforming operation.
CCA group managing director Alison Watkins announced a review of SPC at the company's half-year profit results on Wednesday, saying a sale, partnership or merger are among options to be considered.
"We believe there are many opportunities for growth in SPC, including new products and markets, further efficiency improvements, and technology and intellectual property," Ms Watkins said in a statement. "Importantly, there are no plans to close SPC. We see a positive future for SPC as it continues to transform its operations."
CCA posted a 12.8 per cent increase in half-year profit, aided by double-digit earnings growth in alcohol and coffee sales and strong performances in New Zealand and Fiji.
According to finance.nine.com.au, the beverages maker and bottler said it made $158.1 million in statutory net profit, up from $140.1 million a year ago, while trading revenue was little changed from a year earlier, at $2.39 billion.
