Costa Group
Aussie avocado giant reclaimed by US private equity
Australia’s biggest horticulture business, Costa Group, will be bought out by its former owner Paine Schwartz, which helped it float on the ASX in 2015.
- by Jessica Yun
Latest
‘Bargain hunt’: Will Australia’s biggest food producers keep getting gobbled up?
Barely two days into the new financial year, two of Australia’s biggest ASX-listed food companies are on the takeover map, and there’s more action ahead.
- by Jessica Yun
‘No certainty’: Avocado grower Costa cautious on US firm’s $1.6b takeover bid
Australian horticulture giant Costa Group confirmed it received an unsolicited takeover proposal by Paine Schwartz, but said no deal has been struck yet.
- by Jessica Yun
‘Smashed’: Why Australia’s biggest avocado grower will sell some farms
Costa Group’s avocado business has been unprofitable for two years running, so it will lean more heavily into berries, citrus and export markets instead.
- by Jessica Yun
Analysis
The Long and Short of It
Avocado is a brunch staple, so why is grower Costa getting smashed?
Aussies will always need to buy fresh fruit and vegetables, keeping demand for Costa Group’s products strong – but is this also true for its share price?
- by Jessica Yun
Aussie avocado grower Costa back in US private equity firm’s sights
US private equity firm Paine Schwartz Partners grabs a 13.8 per cent stake in Australia’s largest horticulture grower.
- by Jessica Yun
Sour citrus: Extreme weather bruises Costa’s orange business
Excessive rainfall and lower temperatures, brought on by La Niña, has got Australia’s largest fresh food producer worried.
- by Jessica Yun
Fruit grower warns bank, tax data compromised in cyberattack
Avocado and berry grower Costa Group is the latest Australian company to fall victim to cyber thieves.
- by Emma Koehn
Updated
Food
‘Alarming signal’: Fresh produce powerhouse Costa CEO in shock exit
Costa Group CEO Sean Hallahan has stepped down, effective immediately, sending the company’s shares sliding.
- by Jessica Yun
‘Matter of urgency’: Fresh produce giant asks PM to help smashed avocado industry
The chief of Australia’s largest fresh produce grower is calling on the Albanese government for assistance as an oversupply of avocados continues to hurt the industry.
- by Jessica Yun
‘Quality issues’: Bad oranges bruise Costa Group shares
Costa Group tumbled sharply at the opening of Monday’s trading session, forcing the ASX to implement a trading halt.
- by Jessica Yun
Original URL: https://www.smh.com.au/topic/cgc-fk