SPC Global Pivots to Functional Milk Powder for Asian Market Recovery
What happened
Australian food company SPC Global is focusing on functional milk powder—powdered milk with added vitamins and nutritional supplements—as its core product for Asian markets. This strategy follows a 2024 merger with Nature One, The Original Juice Co, and Natural Ingredients. The combined entity sells in 15 markets, primarily in Asia, including Singapore, Hong Kong, Vietnam, Indonesia, and Malaysia.
From perthnow.com.au
Why it matters
The company is using functional milk powder as a springboard to introduce its broader product portfolio into these markets. Management states the international business is seeing significant contributions and that the company is more resilient and diversified than it was before the merger.
From perthnow.com.au
Who's involved
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The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Asia
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- HCA Corporation provides medical services in the US and England, while also operating in finance, manufacturing tobacco products, and facilitating U.S.-Asia cross-border transactions.
- James Halstead plc distributes products across Asia, Europe, Scandinavia, Australasia, and North America, and is AIM listed on the LSE.