Growing Maggie Beer
$10 million of the $15 million Primary Opinion has offered to pay for a 48% stake in Maggie Beer Products (MBP) is to be used to grow the company. With annual sales in the vicinity of $20–$30 million, MBP is well situated to expand both locally and particularly in exporting to the Asian markets.
It is anticipated that a broadening of the product range within Australia will be the first step in the expansion process.
Already one of the largest employers in South Australia’s Barossa Valley, MBP currently manufactures around 200 food items and has presence in both of the major retailers.
Primary Opinion intends to fund the investment through a capital raising, subject to shareholder approval.
Stockbroker Tony Robinson will join the Maggie Beer Products board as a non-executive director if the deal goes through.
foodpro 2026 now open for registrations
Returning to Melbourne with over 400 suppliers exhibiting food and beverage processing equipment...
Wine sectors warns of demand crisis, calling for govt investment
Australian Grape & Wine calls for federal government to invest in preventative measures to...
Afnor acquires HACCP Australia and HACCP International
French standards and certification body Afnor has announced the acquisition of the HACCP Group of...
