Bega Group reviews its peanut processing operations in Qld
On 6 June 2024, Bega Group announced that it has engaged corporate advisors Kidder Williams Limited to undertake a review of its peanut processing operations, the Peanut Company of Australia (PCA).
Under Bega Group’s ownership since 2017, PCA is a supplier of Australian-grown hi-oleic peanuts to both domestic and overseas markets. Along with its large-scale processing facilities, the business is home to what is claimed as the only peanut silos in the South Burnett region at a scale capable of holding volumes for year-round processing supply.
“The strategic review is focused on optimising Bega Group’s core business, with a focus on branded assets whilst evaluating options for non-core assets. There is no certainty that this initiative will lead to any particular outcome or transaction,” said Bega Group CEO Peter Findlay.
With locations across the Kingaroy, Tolga and Gayndah regions in Queensland, PCA currently processes approximately 19,000 tonnes of locally grown peanuts annually.
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