Bega Cheese has agreed to acquire Australian Lion Dairy & Drinks from Kirin Holdings for AUD 560 million ($412 million), taking ownership of brands such as Dairy Farmers and Pura.. In fact, we are a company that’s owned by every day Aussies – like you. Bega branded products will be the first choice of all Australians as they stroll down the supermarket aisle, as well as for suppliers, staff and investors. © 2020 Bega Cheese Limited. Nationwide News Pty Limited Copyright © 2020. Picture: Nigel HallettSource:News Corp Australia. To pay for the acquisition, Bega Cheese is doing a capital raising at $4.60 per share to raise around $400 million. Shares in the company remain in a trading halt but last closed at $5.06. The acquisition was a good fit for Bega as it broadened the company’s product range with the addition of cream cheese, milk powders, infant formula and nutraceuticals complimenting Bega’s existing range of natural and processed cheddar cheese and whey powders. Bega has developed its reputation as a trusted iconic Australian brand with cheese products to suit all Australian families. We’ve combined some of Australia’s finest food brands and products into one business, all designed for the foodservice industry. Bega Cheese Limited (BGA) Dividends. An important milestone for Bega Cheese occurred in August 2011 when the business listed on the Australia Securities Exchange (ASX). Bega Cheese, which brought Vegemite back to Australian ownership in 2017, also gains the Vitasoy joint venture and expanded capacity to add cream and custard to its dairy portfolio. The TATURA device is a trade mark of Tatura Milk Industries Pty Ltd. Japanese beverage giant Kirin is selling Lion Dairy to Australian company Bega Cheese, months after it was forced to scrap a bigger deal because of geopolitical tensions with China. In October 2008 Bega purchased the assets and operations of De Cicco Industries in the Melbourne suburb of Coburg. Bega Cheese is buying the company behind Masters milk and Big M from Japanese alcohol giant Kirin, returning the iconic brands to Australian ownership. Bega Cheese is an Australian based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega’s rich history stands in pride of place across the business and the factors which have driven its success for over a century remain enmeshed in its culture, ensuring that it remains an Australian icon. We are an Australian company, with an Australian manufacturing foot print. The TATURA device is a trade mark of Tatura Milk Industries Pty Ltd. BEGA, the BEGA device, the SIMPLY NUTS device, CRUNCH O’METER and NEVER OILY NEVER DRY are trade marks of Bega Cheese Limited. Following the successful listing, Bega then acquired the final 30% of Tatura Milk Industries, which then became a wholly owned subsidiary of Bega Cheese Limited. Bega Cheese Limited (ACN 008 358 503 ASX: BGA) (“Bega Cheese”, “BGA” is pleased to announce the successful completion of the underwritten institutional placement (Placement) and the institutional component (“Institutional Entitlement Offer”) … Bega Cheese and its subsidiary together are referred to in this financial report as Bega Cheese Group (Group or consolidated entity). BEGA CHEESE SINCE 1899. Bega Cheese and Tatura Milk Industries have always worked cooperatively with our dairy farmer suppliers and we are committed to continue to do so. View our products OUR RECIPES. This new facility added to the company’s capabilities which now includes the supply of retail ready infant formula and growing up milk powders to Australian and international customers. “The retained Lion business has a clear strategy to become a leading global, crafted adult drinks business. Australia probably won’t have made any friends in Japan either given Lion Dairy and Drinks is a subsidiary of Japan’s Kirin which was forced to leave money on the table and accept Bega’s $534 million offer. Capitol Chilled Foods (Australia) Pty Ltd Japanese brewer Kirin Holdings has reportedly entered into a deal to sell its Lion Dairy & Drinks subsidiary in Australia to local company Bega Cheese. In March 2014 a life stage nutritional canning and blending plant was commissioned in Derrimut, Victoria. DAIRYMONT is a trade mark of Bega Cheese Limited or its subsidiaries. BEGA, VEGEMITE, ZoOSh and associated devices, the BEGA FOODSERVICE device and the VEGEMITE trade dress are trade marks of Bega Cheese Limited. For example, we may collect your personal information in order to provide you with our products or services and to better understand your needs … Bega Cheese Limited will use your personal information to register you for Vegemite mailing list to provide you with recipes and other information published by Vegemite. To pay for the acquisition, Bega Cheese is doing a capital raising at $4.60 per share to raise around $400 million. Bega Stringers® are 100% natural cheese sticks that can be peeled into strings making them more fun to eat. Today, with sites spread from Bega to Melbourne to Northern Victoria, Bega Cheese Limited now employs approximately 2,000 people and the company has evolved from its modest and localised co-operative heritage in Bega into a significant and innovative player in the Australian and international dairy industry. ASX ANNOUNCEMENT . An important milestone for Bega occurred in August 2011 when the business listed on the Australia Stock Exchange (ASX). Created from natural Bega Colby cheese, Junior has calcium for building strong teeth and bones, and has no … Bega chief executive Paul van Heerwaarden and chairman Barry Irvin. As a new business, our product range is constantly expanding to meet new customer demand. After a period of time local farmers decided to improve their individual production and marketing activities and banded together to establish The Bega Co-operative Creamery Company in 1899. The asset was one of the largest processed cheese facilities in Australasia and Bega further invested in the infrastructure adding natural cheese cutting capacity to the plant. Picture: Daniel Pockett/AAPSource:AAP. In those days each farmer produced and sold products such as cheese and butter from their dairy. Bega Cheese is a leading Australian dairy and food company producing cheese, infant formula, nutritional powders, Vegemite, peanut butter and salad dressings. Tatura Milk products are exported primarily to North and South East Asia. TOKYO -- Japanese brewer Kirin Holdings will sell its Australian beverage and dairy subsidiary to Australian dairy company Bega Cheese, Nikkei has learned. Yoplait in Australia is part of the Kirin sale to Bega. Enjoy these delicious recipes featuring Bega Cheese. Picture: Chloe Smith.Source:News Corp Australia. news.com.au — Australia’s leading news site. BEGA CHEESE ANNOUNCES SUCCESSFUL COMPLETION OF . Bega Cheese Limited - Products & Brands. Bega’s original site at Lagoon Street still operates today producing cheddar and mozzarella cheese and whey powders. DAIRYMONT is a trade mark of Bega Cheese Limited or its subsidiaries. A wholly owned subsidiary of Bega Cheese Ltd an ASX listed company, TATURA is located in the picturesque township of Tatura in regional northern Victoria Australia. ASX-listed Bega's lengthy heritage is as a dairy company, but in 2017 it entered the peanut butter world when it purchased Kraft subsidiary Mondelez Australia (formerly called Kraft Foods Limited). We set out below the Standard Form Agreements for all new agreements that Bega Cheese Limited or its subsidiary Tatura Milk Industries intends to … In 1997 Bega built a cheese processing and packaging facility in Ridge Street in Bega, value adding cheese for both the Australian and International market. BEGA, VEGEMITE, ZoOSh and associated devices, the BEGA FOODSERVICE device and the VEGEMITE trade dress are trade marks of Bega Cheese Limited. The deal also adds Yoplait yoghurt, Pura Milk, Farmers Union, Dairy Farmers, Juice Brothers, Daily Juice and Dare brands to Bega Cheese’s already large product stable. The deal also adds Yoplait yoghurt, Pura Milk, Farmers Union, Dairy Farmers, Juice Brothers, Daily Juice and Dare brands to Bega Cheese’s already large product stable. In July 2017, Bega Cheese Limited expanded its portfolio beyond dairy to include some of Australia’s most iconic and loved food brands and products, including Vegemite, ZoOSh and Bega Peanut Butter. Bega Cheese has 2,000 employees across 3 locations. Following the successful listing, Bega then acquired the final 30% of Tatura Milk Industries, which then became a wholly owned subsidiary of Bega Cheese Limited. Bega only collects personal information which is reasonably necessary for one or more of its functions or activities. Our vision is to be The Great Australian Food Company by creating great food for a better future. In March 2009, Bega acquired the cheese assets of Kraft Foods at Strathmerton in Victoria. Japanese media reported the Lion Dairy and Drinks acquisition was done days ago, saying the price was more than 40 billion yen ($530 million), and speculation mounted when Bega Cheese went into a trading halt pending a capital raising. “The completion of this sale will enable further investment behind our priority categories of core beer, craft beer and seltzer in both domestic and international markets.”. DAIRYMONT is a trade mark of Bega Cheese Limited or its subsidiaries. Bega Junior. Bega Cheese executive chairman Barry Irvin said the decision, handed down on November 13, confirmed Bega Cheese’s right to use the current packaging of its smooth and crunchy peanut butter. Bega and the Bega device are registered trade marks of Bega Cheese Limited. PLACEMENT AND INSTITUTIONAL ENTITLEMENT OFFER . Some iconic brands are returning to Australian hands with Bega Cheese proving the victor in a deal that was once headed for Chinese ownership. In March 2014 a life stage nutritional canning and blending plant was commissioned in Derrimut, Victoria. Bega Junior comes in handy single serves that are ideal for little hands to hold themselves. Learn More. Available in Original and Tasty Cheddar flavour. Dairying started in the Bega Valley in the 1850’s. Investors have been fearing the worst since Bellamy’s first … This initiative exemplifies the underlying long term strategy of developing value-added products which can be sold throughout the world. The TATURA device is a trade mark of Tatura Milk Industries Pty Ltd. Australia’s Favourite Peanut Butter* based on scan sales, at … The purchase was confirmed on Thursday, with the net cost totalling $534 million. Sales Team. Tatura Milk Industries Limited Tatura Milk Industries Limited (subsidiary or Tatura Milk) is the 70% subsidiary of Bega Cheese. Description. The cornerstone of our success lies with our strong focus on the needs of our customers, a record of superior shareholder returns, excellent supplier relationships, a safe and energised workforce and long-term community support and engagement. BEGA, VEGEMITE, ZoOSh and associated devices, the BEGA FOODSERVICE device and the VEGEMITE trade dress are trade marks of Bega Cheese Limited. Bega Cheese manufactures and exports cheese and other food products under the Bega brand name for both retail and the food service industry. Following the successful listing, Bega Cheese acquired the final 30% of Tatura Milk, which then became a wholly owned subsidiary of Bega Cheese. Spreads such as Vegemite and Bega Peanut Butter. Lunch Box “We are delighted to announce this acquisition which ... delivers important industry consolidation and value creation with synergies across the entire supply chain,” Bega Cheese executive chairman Barry Irvin said. Shares in the company remain in a trading halt but last closed at $5.06. View Range Tatura Milk produces a wide range of dairy products and employs more than 300 people. The Company’s production of approximately 236,000 tonnes of dairy products equates to a sales turnover in excess of $1.2 billion per annum. Bega products include: Cheeses such as Bega Tasty, Tasty Sticks, Super Slices, Stringers, Bega Junior. BEGA, VEGEMITE, ZoOSh and associated devices, the BEGA FOODSERVICE device and the VEGEMITE trade dress are trade marks of Bega Cheese Limited. General email enquiries: On a pre-acquisition of Lion's Dairy and Drink's basis, the firm generated approximately 70% of sales from its domestic market, with the remainder from exports to over 40 countries, predominately in Asia. A bruising breakfast spread showdown, over who owns the rights to one of Australia's favourite products, has flared again. The Bega name will stand for quality, integrity and be synonymous with Australian values. Bega Cheese’s already large product stable just got bigger. Bega Cheese Ltd (ASX: BGA) shares are again having a top day on the markets today. Lunch Box Stringer Scooters VIEW RECIPE. The TATURA device is a trade mark of Tatura Milk Industries Pty Ltd. One of these suppliers is of course Bega Cheese Ltd through its dairy manufacturing subsidiary Tatura. 27 NOVEMBER 2020 . The information we collect about you from our website or provided by you online may be disclosed to our subsidiaries, agents, contractors or third party service providers who provide administrative, telecommunications, computer or other services to us in connection with the operation of our business and this website and who are under duties to Bega to keep such information confidential and secure. Dairy Farmers is one of the key dairy brands in the Lion Dairy and Drinks portfolio. The dismissal means a decision by the Full Court of the Federal Court, handed down in April in favour of Bega… Kirin struck a deal in November to divest the subsidiary to China Mengniu Dairy, but it was shot down by Treasurer Josh Frydenberg amid increasing trade tensions between China and Australia. Bega chief executive Paul van Heerwaarden and chairman Barry Irvin. ... 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Stringers® are preservative free and contain no artificial colours or flavours. It retains XXXX, Tooheys, Hahn, James Boag, James Squire and Little Creatures. The Bega name stands for quality, integrity and is synonymous with Australian values. See insights on Bega Cheese including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Bega Junior is the perfect 100% natural Colby Cheese snack for little ones. All times AEDT (GMT +11). Bega bought Vegemite in 2017. Bega manufactures cheese for Fonterra Brands (Australia) which is sold under the “Beqa” brand within Australia. “The expanded product range, manufacturing and distribution infrastructure and brand portfolio realises our ambition of creating a truly great Australian food company.”. Read detailed company information including dividend distribution, dividend amount and payment history. In April 2007 Bega acquired a 70% controlling interest in Tatura Milk Industries. Build to rent: New in Australia, it could put end to tenants... Boxing Day Sales guide: Best deals at Big W, Myer, David Jon... KFC confirms release of KFConsole as rival to PlayStation 5,... Find out more about our policy and your choices, including how to opt-out. DAIRYMONT is a trade mark of Bega Cheese Limited or its subsidiaries. Bega’s original factory was opened in Bega in 1900. As an employer of choice for our large staff base, TATURA attracts a high quality of professionals to the company. Earlier this month, the High Court of Australia ruled in favour of Bega Cheese in proceedings brought by Kraft Heinz about its right to use its peanut butter packaging.Source:The Weekly Times. Tatura Milk was established in 1907 and is located in the township of Tatura in Northern Victoria. Bega Foods is the new food brands division of Bega Cheese Limited, for Australian and New Zealand foodservice and retail customers. At the time of writing, the Bega Cheese share price is up another 0.74% to … The deal marks Lion’s complete exit from the dairy business, having sold its specialty cheese business to Saputo for $280 million last year. For this purpose, your personal information may be disclosed to persons within Bega Cheese Limited, its subsidiaries or their service providers and suppliers only, unless otherwise permitted by law. “The sale will see Bega, as an established dairy and food company with more than 120 years of heritage, well placed to drive the business forward given its deep dairy capabilities and strong commitment to iconic Australian brands and the local dairy industry,” Lion chief executive Stuart Irvine said. We believe Australians will be delighted to see our name take front and center on supermarket aisles. Bega Cheese Limited will use your personal information to register you for Happi mailing list to provide you with recipes, health tips and other information published by Happi. Find out more about our policy and your choices, including how to opt-out. For this purpose, your personal information may be disclosed to persons within Bega Cheese Limited, its subsidiaries or their service providers and suppliers only, unless otherwise permitted by law. There are now approximately 500 farms supplying the Bega group with around 700 million litres of milk from the Bega region in NSW, as well as Gippsland and the Northern and Western Districts in Victoria. The Full Court of the Federal Court of Australia in Kraft Foods Group Brands LLC v Bega Cheese Limited [2020] FCAFC 65 (Kraft v Bega) has upheld the decision that Kraft’s iconic peanut butter trade dress (Trade Dress) – consisting of a yellow lid, clear jar and red and blue labelling – now officially belongs to Bega Cheese Limited (Bega). Canadian company Saputo was among bidders for Lion Dairy but dropped out of the race, leaving Bega Cheese in pole position. This site adds significantly to our bulk cheese manufacturing capability. 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