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1 History  





2 See also  





3 References  





4 External links  














Bega Group







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From Wikipedia, the free encyclopedia
 

(Redirected from Bega Cheese)

Bega Group
Company typePublic company

Traded as

  • S&P/ASX 200 component
  • IndustryDairy, Food processing
    FoundedJuly 1899; 125 years ago (1899-07)
    Headquarters ,
    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)
  • Operating income

    • DecreaseA$102,992,000 (2020)
  • A$104,867,000 (2019)
  • Net income

    • IncreaseA$31,886,000 (2020)
  • A$30,929,000 (2019)
  • Subsidiaries
    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]

    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 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.
  • ^ a b c d "Annual report" (PDF). www.begacheese.com.au. 2019. Retrieved 9 April 2020.
  • ^ "Bega Cheese Limited Annual Report 2016" (PDF). Bega Cheese Limited. 2016. Retrieved 22 January 2017.
  • ^ "Fonterra – Bega cheese". Archived from the original on 10 February 2016. Retrieved 11 February 2016.
  • ^ "Bega Cheese Heritage Centre". VisitNSW.com. Archived from the original on 25 April 2016. Retrieved 5 September 2019.
  • ^ "Our story – Bega Bionutrients | Lactoferrin Supplier". Bega Bionutrients | Lactoferrin Supplier. Retrieved 22 January 2017.
  • ^ "Data" (PDF). www.accc.gov.au. Retrieved 9 April 2020.
  • ^ "Bega launches the 'Purple Hive Project' to protect Australian bees via Thinkerbell". 28 July 2020.
  • ^ "Bega Cheese buys Lion Dairy from Japan's Kirin". Australian Broadcasting Corporation. 26 November 2020.
  • ^ Younger, Emma; Reardon, Adriane (1 May 2019). "Bega beats US food giant Kraft in peanut butter packaging battle". ABC News. Retrieved 30 October 2019.
  • ^ 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.
  • ^ Somerville, Peter (3 June 2021). "Dispute over peanut butter branding to cost US giant $9 million". ABC News. Retrieved 13 June 2021.
  • ^ "Bega Group rolls out major new-look corporate rebrand". Convenience & Impulse Retailing. 24 November 2022. Retrieved 30 January 2023.
  • ^ 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.
  • External links[edit]

  • flag New South Wales

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Bega_Group&oldid=1226715763"

    Categories: 
    Australian cheeses
    Brand name dairy products
    Dairy products companies of Australia
    Food and drink companies established in 1899
    Australian companies established in 1899
    Companies listed on the Australian Securities Exchange
    Australian brands
    Fonterra brands
    Peanut butter brands
    Companies based in New South Wales
    Bega Valley Shire
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