Business
Lion deal gives Bega big springboard for growth – The Australian Financial Review
Bega Cheese finally has the scale and the national reach to build a business of sufficient financial strength to expand into international markets.
“This is the beginning of the expansion, not the end. I want to grow bigger in Australia and grow bigger internationally.”
Irvin says he has a lot of work to do to bed down the acquisition, including delivering the $41 million in promised synergy benefits and ensuring the deal is earnings accretive in 2022.
Bega will become a $3 billion company with national reach, it will own the country’s largest cold chain distribution network and have a network of more than 20 manufacturing sites. Lion earned…
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