The Australian dairy company is based in Bega in the South East and Tablelands region.
Bega Cheese was originally founded as a dairy cooperative in 1899. It is currently one of the largest dairy producers in Australia with a value of around A$1.0 billion.
40% of Bega Cheese’s revenue comes from its dairy consumer packaged goods, with the flagship Bega Cheese brand (distributed by Fonterra under a long-term agreement) holding 16.6% of the Australian retail cheese market. Its Bega, Tatura, Royal Victoria, Melbourne and Dairymont products are exported to 40 countries around the world and distributed across Australia, where they are available in most supermarkets and general stores.
Bega Cheese also produces bulk core dairy ingredients including cheese, cream cheese and powdered milk accounting for approximately 40% of revenue. Bega’s Nutritional and Bionutrients is an important business segment responding to the growing global market for nutritional products. Bega Nutritional and Bionutrients accounts for 20% of revenue.
Bega Cheese’s A$460 million acquisition of Mondelez International’s grocery and cheese businesses in Australia and New Zealand includes iconic brands such as Vegemite. The acquisition will increase Bega’s annual revenue by 25% (A$310 million) and give Bega a strong position in the Australian consumer goods market and transform Bega into a diversified consumer-goods company.