Food Revolution Group Ltd. (AU:OJC) has released an update.
Food Revolution Group Ltd. has announced a significant merger, acquiring both SPC Global Limited and the powdered milk segment of Nature One Dairy, aiming to create a diversified, market-leading Australian food and beverage company with expanded production capacity. This strategic move is set to substantially increase the company’s scale and presence, particularly in the Asian market, with projected revenues exceeding $400 million and EBITDA of more than $29 million by FY25. Shareholders will vote on the merger in November 2024, and the combined entity plans to trade on the ASX under the new ticker ASX:SPG post-transaction.
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