www.foodtechnology.co.nz 43 CEREBOS’ FOOD & INSTANT COFFEE BUSINESS FT287 For information & Registration www.wea.org.au Ph: 61 417 597 956 WineEng 2017 PRODUCTION AND APPLIED TECHNOLOGY The 2017 WEA conference and exhibition WineEng 2017 will be held in the Barossa Valley, South Australia on September 6-7 with the conference theme ‘Production & Applied Technology’.The conference will focus on ways in which wineries can improve productivity and reduce costs by being innovative and adopting new technology. A keynote address will be given by Thomas Leclerc, managing director – Asia Pacific of Vivelys, a company described as a global leading consulting and R&D company in the wine industry. The conference speaker programme will include technical presentations by Australian and international speakers covering the adoption of IoT (Internet of Things), energy management, filtration advancements, grape crushing technology, thermovinification and several other technological advancements. There will also be some commercial presentations, one of which will cover the development of an innovative replaceable sparkling wine closure. Further information about the conference and programme will be available on www.wea.org.au. SBF will retain the fresh coffee business, which will form part of a new business unit focused on capturing a larger share of the rapidly growing global fresh coffee market. Cerebos Australia/New Zealand chief executive Terry Svenson will lead the new fresh coffee business. Cerebos is owned by SBF, a global soft drink company with consolidated net sales of approximately 1.4 trillion yen in 2016 which is headquartered in Japan and listed on the Tokyo Stock Exchange. Svenson says SBF’s core focus is on the beverage category, which led to the decision to commence a sale of the food and instant coffee business. “Cerebos’ fresh coffee brands are a strong complement to SBF’s existing beverage portfolio globally,” Svenson says.”SBF remains committed to investing in fresh coffee to capitalise on our market leading positions to grow the business further. Cerebos’ food and instant coffee business has a number of market-leading brands across Australia and New Zealand. While we have made great progress in recent years, including significant improvements to the efficiency of our manufacturing operations, food and instant coffee are not a core category focus for SBF and growth opportunities can potentially be maximised under different ownership.” Cerebos operates one food manufacturing facility in Sydney and an instant coffee operation in New Zealand. The business includes some of the most iconic food brands in Australia and New Zealand such as Fountain, Gravox, Saxa, Foster Clark’s, Gregg’s, Bisto, Raro and Asian Home Gourmet across a number of categories including sauces, gravies, herbs and spices, salt, condiments, Asian sauces, desserts and cooking ingredients. Svenson says the sale process of the food and instant coffee business is expected to take up to nine months. “In the meantime, it’s business as usual for our people, our customers and our consumers with no change to our day-to-day operations,” he says. “We will continue to advise our key stakeholders of updates during the process.” These changes do not impact on SBF’s other businesses in Australia and New Zealand. UBS AG has been appointed as financial adviser. SUNTORY SELLS Cerebos Australia and Cerebos Gregg’s New Zealand has announced that following a strategic review with parent company Suntory Beverage & Food Ltd, it will commence a process which may lead to the sale of its food and instant coffee business in Australia, New Zealand and Asian Home Gourmet in Singapore.
FT-May17-eMag
To see the actual publication please follow the link above