Jump to content

Bega Group

Add links
From Wikipedia, the free encyclopedia
For the Romanian company, see Bega Group (Romania).

Bega Group
Company typePublic company
IndustryDairy, Food processing
FoundedJuly 1899; 125 years ago (1899-07)
Headquarters
Bega, New South Wales
,
Australia
Key people
Pete Findlay (CEO)
Production output
  • Decrease297,668 tonnes (2020)
  • 303,252 tonnes (2019)
Revenue
  • IncreaseA$1,493,219,000 (2020)
  • A$1,419,952,000 (2019)
  • DecreaseA$102,992,000 (2020)
  • A$104,867,000 (2019)
  • IncreaseA$31,886,000 (2020)
  • A$30,929,000 (2019)
Subsidiaries
Bega Dairy & Drinks
Vegemite
WebsiteOfficial website

The Bega Group is an Australian diversified food and drinks company with manufacturing sites in New South Wales, Queensland, Western Australia and Victoria. Founded as an agricultural cooperative in the town of Bega, New South Wales by their dairy suppliers, it became a public company in 2011 when it listed on the Australian Securities Exchange. Close to half of shares publicly traded are still held by Bega's farmer-suppliers.[1] It is currently one of the largest companies in the dairy sector in Australia, with a base milk supply in 2018 of approximately 750 million litres per annum.[2]

Over half of the Bega Group's revenue (as of 2019) comes from their spreads, dairy consumer packaged goods and other grocery products, with their flagship Bega brand holding 15.7% of the Australian retail cheese market.[3] The Bega Group's other major consumer and foodservice packaged goods brands are Vegemite, Farmers Table, Zoosh, Picky Picky, Tatura and Dairymont.[2] The Bega branded Australia retail and foodservice cheese products are distributed by Fonterra under a long-term agreement. Just under a third of the Bega Group's revenue (as of 2019) was from exports.[2] The cheese products are exported to 40 countries and distributed across Australia where they are available in most supermarkets and general stores.[1][4][5]

Their other major business segments include bulk core dairy ingredients such as cheese, cream cheese and powdered milk (making up approximately 35% of revenue) and nutritional products produced under the Bega Bionutrients brand (such as lactoferrin and milk protein concentrate),[6] which make up around 9% of revenue.[2]

History

[edit]
  • 1850s – dairying started in the Bega Valley.[7]
  • 1899 – the Bega Co-operative Creamery Company was established by local farmers.
  • 1900 – Bega Cheese's original factory was opened.
  • 1960 – commissioned manufacturing facility for processing and packaging raw milk at Fyshwick, ACT.
  • 1997 – cheese processing and packaging facility was built at Ridge Street, Bega.
  • 1997 – joint venture established (now known as Capitol Chilled Foods) between Bega Cheese and Dairy Farmers (known as Australian Co-operative Foods) to process and distribute fresh milk and other chilled products in ACT and Southern NSW.
  • April 2007 – acquired a 70% shareholding in Tatura Milk Industries Limited (Tatura Milk).
  • October 2008 – purchased the assets and operations of De Cicco Industries in the Melbourne suburb of Coburg.
  • March 2009 – acquired the cheese manufacturing facility of Kraft Foods at Strathmerton in Victoria.
  • August 2011 – listed on the Australia Securities Exchange (ASX). Following the listing, Bega Cheese acquired the final 30% of Tatura Milk, which then became a wholly owned subsidiary of Bega Cheese.
  • March 2014 – commissioned a life stage nutritional canning and blending plant in Derrimut, Victoria.
  • January 2017 – acquired the Australian meals business from multinational food conglomerate Mondelez International with brands such as Vegemite, Zoosh and Bonox, a licence for the Dairylea and Snackabouts brands, and the licence to manufacture Kraft-branded cheese and peanut butter through 2017, as well as a manufacturing site in Port Melbourne, Victoria.
  • February 2017 – sale of infant formula canning plant in Derrimut and one spray milk powder dryer in Tatura to US pediatric nutrition company Mead Johnson.
  • December 2017 – acquisition of Peanut Company of Australia in Kingaroy, Queensland.
  • July 2018 – purchase of Koroit milk drying and butter processing facility in Western Victoria from Saputo.
  • February 2019 – closure of the Coburg cheese manufacturing facility.
  • 2020 – Purple Hive Project by B Honey launched.[8]
  • November 2020 – purchased Lion Dairy & Drinks from Japan's Kirin Company for $534 million.[9]

In 2019, the company won a legal dispute with Kraft Heinz over the packaging of its peanut butter.[10] In 2020, Kraft Heinz appealed the case to the Full Court of the Federal Court of Australia, but was dismissed.[11] In 2021, the two companies had reached a confidential settlement.[12]

In 2020, the company raised significant funds to purchase Kirin's suite of dairy products, including Dairy Farmers and Pura Milk. In 2022, the Bega Group was formed, bringing together several brands including Bega Cheese, Vegemite, Dare Iced Coffee, Dairy Farmers, Farmers Union and Zooper Dooper.[13][citation needed]

In August 2023, Bega entered an agreement to acquire the businesses and certain assets of Betta Milk and Meander Valley Dairy from TasFoods Limited for $11 million. The deal also included a licence to use the Pyengana Dairy brand.[14]

See also

[edit]

Bega Dairy & Drinks

References

[edit]
  1. ^ a b "Bega Cheese goes from sleepy dairy co-op to $1b business". The Sydney Morning Herald.
  2. ^ a b c d "Annual report" (PDF). www.begacheese.com.au. 2019. Retrieved 9 April 2020.
  3. ^ "Bega Cheese Limited Annual Report 2016" (PDF). Bega Cheese Limited. 2016. Retrieved 22 January 2017.
  4. ^ "Fonterra – Bega cheese". Archived from the original on 10 February 2016. Retrieved 11 February 2016.
  5. ^ "Bega Cheese Heritage Centre". VisitNSW.com. Archived from the original on 25 April 2016. Retrieved 5 September 2019.
  6. ^ "Our story – Bega Bionutrients | Lactoferrin Supplier". Bega Bionutrients | Lactoferrin Supplier. Retrieved 22 January 2017.
  7. ^ "Data" (PDF). www.accc.gov.au. Retrieved 9 April 2020.
  8. ^ "Bega launches the 'Purple Hive Project' to protect Australian bees via Thinkerbell". 28 July 2020.
  9. ^ "Bega Cheese buys Lion Dairy from Japan's Kirin". Australian Broadcasting Corporation. 26 November 2020.
  10. ^ Younger, Emma; Reardon, Adriane (1 May 2019). "Bega beats US food giant Kraft in peanut butter packaging battle". ABC News. Retrieved 30 October 2019.
  11. ^ Jasper, Clint (14 April 2020). "Bega Cheese wins legal stoush against US food giant Heinz over peanut butter labelling". ABC News. Retrieved 13 June 2021.
  12. ^ Somerville, Peter (3 June 2021). "Dispute over peanut butter branding to cost US giant $9 million". ABC News. Retrieved 13 June 2021.
  13. ^ "Bega Group rolls out major new-look corporate rebrand". Convenience & Impulse Retailing. 24 November 2022. Retrieved 30 January 2023.
  14. ^ Noack, Georgina (30 August 2023). "Australian cheese giant Bega Group buys homegrown Tasmanian dairy brands in historic $11m deal". News.com.au. Retrieved 2 September 2023.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Bega_Group&oldid=1257339853"