The company announced on Wednesday it has reached agreement to buy Mondelēz International’s Australia and New Zealand grocery and cheese business, and with it some of Australia’s most high-profile brands. The Company's segments include Bega Cheese and Tatura Milk.
Bega was founded in 1899.
Former Bega Cheese chief executive and confessed pedophile Maurice Van Ryn has had his bail revoked following calls for the government to intervene.
Bega Cheese Limited has become the new owner of the iconic Australian food spread Vegemite.The company announced on Wednesday it has reached agreement to buy Mondelēz International’s Australia and New Zealand grocery and cheese business, and with it some of Australia’s most high-profile brands.The sale includes brands such as Vegemite, ZoOsh and Bonox – and other products using the Kraft brand under license for items such as peanut butter, nut spreads, processed cheese slices, ambient cheese spread, mayonnaise, parmesan cheese, Kraft Easy Mac and Kraft Mac & Cheese. It expects the deal to be finalised in the first half of CY2017. The deal also includes the Port Melbourne site, a license to the Dairylea brand for use in Australia and New Zealand, although Philadelphia is not included. Bega's headquarters is located in Bega, New South Wales, AU 2550. The deal also includes the Port Melbourne site, a license to the Dairylea brand for use in Australia and New Zealand, although Philadelphia is not included.The link with Kraft began in 2009, when Bega began producing some of the US company's processed cheese products.The Company will pay AU$460 million for the business and the acquisition.Bega Cheese Limited has become the new owner of the iconic Australian food spread Vegemite. Bega Cheese sources, processes, manufactures and distributes dairy and associated products. The link with Kraft began in 2009, when Bega began producing some of the US company's processed cheese products. The company announced on Wednesday it has reached agreement to buy Mondelēz International’s Australia and New Zealand grocery and cheese business, and with it some of Australia’s most high-profile brands. Bega plans to use “near-term corporate opportunities to pay down debt”. The sale includes brands such as Vegemite, ZoOsh and Bonox – … … Bega's latest acquisition was Peanut Company of Australia. 2007. Bega said on … Its Bega contract packs private brands, supermarket house brands, QSR raw material inputs, as well as products for other dairy companies into their own brands. The Company is also a specialist contract packer of natural cheddar and processed cheddar cheese products. End-of-day quote Australian Stock Exchange - 09/01 Its Bega Cheese segment manufactures packages and sells natural cheese, processed cheese, powders, butter and branded food products. The sting is out of the battle for Capilano Honey with Bega Cheese abandoning any plans it had to launch a takeover to rival one supported by Rich Lister Kerry Stokes. Bega Cheese acquired a 70% stake in the Victorian based dairy company, Tatura Milk Industries, in April 2007. The Company will pay AU$460 million for the business and the acquisition.https://nnimgt-a.akamaihd.net/transform/v1/crop/frm/aDk3ybksPDmZjUDtWpgi6b/56e31e9d-fb8b-4e9c-82fa-87327a6b4a3f.jpg/r1_0_619_349_w1200_h678_fmax.jpg Bega Cheese Limited (Bega) is an Australia-based company engaged in receiving, processing, manufacturing and distributing dairy and associated products. Vegemite is set to return to Australian ownership after dairy company Bega announced it would buy most of Mondelez International's Australia and New Zealand grocery and cheese business. 2007. Bega Cheese is not a large company by global standards.
Its Tatura Milk segment manufactures, packages and sells cream cheese, commodity powders, butter and nutritional powders. Its Bega Cheese segment manufactures packages and sells natural cheese, processed cheese, powders, butter and branded food products. Bega Cheese also commissioned its processed cheddar cheese canning line, adding this function to the growing capabilities of the Bega operations to service both domestic and international demand. Bega Cheese Limited has become the new owner of the iconic Australian food spread Vegemite.
Vegemite will be Australian-owned once again after Bega Cheese agreed to buy the iconic spread and other well-known brands for $460m.
It has a market capitalization of AU$1.0b, which means it wouldn't have the attention of many … The sale includes brands such as Vegemite, ZoOsh and Bonox – and other products using the Kraft brand under license for items such as peanut butter, nut spreads, processed cheese slices, ambient cheese spread, mayonnaise, parmesan cheese, Kraft Easy Mac and Kraft Mac & Cheese. A short time ago, Bega Cheese shares were up 11% to $4.98. Its Tatura Milk segment manufactures, … The Company's segments include Bega Cheese and Tatura Milk. Bega Cheese Limited (Bega) is an Australia-based company engaged in receiving, processing, manufacturing and distributing dairy and associated products.