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Coca-Cola Amatil Limited’s (ASX:CCL) subsidiary SPC Ardmona has scored a $70 million supply deal with supermarket giant Woolworths Limited (ASX:WOW).
The embattled Victorian fruit processor made headlines last month when it was given a $100 million life-line by its parent company and the Victorian Government.
SPC’s latest win will see it supply all Select brand deciduous fruit to Woolies over the next five years and extra supply of tinned tomatoes for the Select range.
Woolies says it recorded a 48 per cent increase in sales from its canned fruit category following its switch to SPC supplied canned fruit.
SPC Ardmona will now be the supermarket’s largest supplier of tinned fruit with Woolies also continuing to sell SPC’s brands including SPC, Goulburn Valley and Ardmona.
Coca-Cola Amatil’s net profit dropped more than 80 per cent to $80.6 million over the 2013 calendar year.
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