SPC: Taking on the world
Food & Drink Business editor Kim Berry catches up with SPC chair Hussein Rifai on the company’s local and global growth, food as medicine, and the domestic challenge of building a level playing field for home grown products and imports.
We start with the recent news of a $111m raise and how its value was more than financial. Hussein explains that with the investment coming from Australian companies, the value of new perspectives and ideas is amplified because they understand the local culture, economy, and systems the business is operating in.
We then turn to a discussion around the company’s SPC Care division – its dedicated healthcare nutritional business – which was developed in response to the Royal Commission into Aged Care. Hussein’s passion about ensuring the elderly and others with additional needs have quality nutrition is matched by his commitment that the IP developed by SPC can be exported and used around the world.
Hussein shares news about talks currently underway to acquire a food company in Spain that will become SPC’s base for Europe and North Africa.
The episode concludes with a discussion around the uneven playing field when it comes to Australian products and imports on the supermarket shelf, and food security.
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MC: Grant McHerron
Host: Kim Berry
Producer: Steve Visscher
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