Bega Cheese - Betta Milk and Meander Valley Dairy from TasFoods

Summary

Bega Cheese Limited (ASX:BGA) proposes to acquire the business assets of the Betta Milk business and the Meander Valley Dairy business (other than the land and buildings used in those businesses) from TasFoods Limited (ASX:TFL) and two of its wholly owned subsidiaries.

Bega Cheese Limited has milk processing and dairy product manufacturing sites across all States and Territories in Australia (other than the Northern Territory). This includes the fresh milk processing facility at Lenah Valley in Hobart, Tasmania. This plant produces white milk, milk-based beverages and packaged cream.

TasFoods acquires raw milk from a third party processor and some raw milk from farmers in Tasmania. TasFoods produces fresh white milk, milk-based beverages, packaged cream and butter under the Betta Milk and Meander Valley Dairy brands in its facilities in Tasmania. It also produces premium milk products under the Pyengana Dairy brand in Tasmania.

Bega Cheese Limited proposes to acquire the Betta Milk brand, Meander Valley Dairy brand and a licence of the Pyengana Dairy brand. As well as the plant and equipment used to process and pack the products of these brands, except those used for the Pyengana Dairy branded cheese products. It also proposes to acquire certain distribution assets and inventory related to these brands.

Market inquiries

Submissions are invited from interested parties regarding Bega Cheese Limited's proposed acquisition of certain business assets of TasFoods Limited by 20 September 2023. 

Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title: "Submission re: Bega / Betta Milk and Meander Valley - attention Gabrielle Byrne / Jacob Babic". 

For more details, please refer to the Market Inquiries Letter published below.