NewsBite

Costa Group

Advertisement
Costa Group will return to its previous owner Paine Schwartz.

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.

  • Jessica Yun

Latest

ASX-listed United Malt Group, which supplies malt to breweries and distillers, has been acquired by a French giant.

‘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.

  • Jessica Yun
Avocado and potato salad with anchovy and herb dressing

‘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.

  • Jessica Yun
Australia’s biggest avocado grower will be forced to reduce its avocado operations after two straight years of losses.

‘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.

  • Jessica Yun
Costa Group interim CEO Harry Debney holds the company’s iconic avocados. Are Costa Group shares a good investment?

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?

  • Jessica Yun
US private equity firm Paine Schwartz intends to increase its stake in avocado grower Costa.

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.

  • Jessica Yun
Advertisement
La Niña has smashed Costa Group’s citrus crops.

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.

  • Jessica Yun
The company said there was a risk that personal data of workers on its berry farms had been compromised.

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.

  • Emma Koehn
Avocado and fresh produce grower Costa Group has announced the sudden resignation of its chief executive.

‘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.

  • Jessica Yun
Costa Group’s local avocado numbers were hurt by lockdowns and low retail prices.

‘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.

  • Jessica Yun

Original URL: https://www.theage.com.au/topic/cgc-fk