Bega to acquire two Tasmanian-grown dairy brands
Bega Group has announced it has signed an agreement to acquire two TasFoods brands.
TasFoods was established in 2015 to represent Tasmanian brands that use the state’s natural resources for producing food and beverage products.
Meander Valley Dairy and Betta Milk, which were acquired by TasFoods in 2015 and 2019 respectively, are set to be acquired by Bega Group under the new agreement, which was announced to the stock exchange on 28 August 2023.
The $11 million agreement also includes a licence to use TasFoods’ Pyengana Dairy brand for milk and cream products in Australia.
The acquisition is subject to a number of conditions, including ACCC approval.
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