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…
-
Noosa News14 hours agoQueensland coroner investigates ‘extremely unusual’ deaths of premature twin boys
-
General17 hours agoReuven Morrison was killed in the Bondi Beach shooting one year after warning about antisemitism
-
General18 hours agoNT’s top year 12 achievers celebrated, with some looking to pursue teaching careers
-
General14 hours agoSearch underway for missing boat off South Australia’s Cape Jaffa