Aussie avocado giant reclaimed by US private equity

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.

  • byJessica Yun

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‘Bargain hunt’:Will Australia’s biggest food producers keep getting gobbled up?

‘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.

  • byJessica Yun
‘No certainty’:Avocado grower Costa cautious on US firm’s $1.6b takeover bid

‘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.

  • byJessica Yun
‘Smashed’:Why Australia’s biggest avocado grower will sell some farms

‘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.

  • byJessica Yun
Avocado is a brunch staple,so why is grower Costa getting smashed?

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?

  • byJessica Yun
Aussie avocado grower Costa back in US private equity firm’s sights

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.

  • byJessica Yun
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Sour citrus:Extreme weather bruises Costa’s orange business

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.

  • byJessica Yun
Fruit grower warns bank,tax data compromised in cyberattack

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.

  • byEmma Koehn
‘Alarming signal’:Fresh produce powerhouse Costa CEO in shock exit
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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.

  • byJessica Yun
‘Matter of urgency’:Fresh produce giant asks PM to help smashed avocado industry

‘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.

  • byJessica Yun
‘Quality issues’:Bad oranges bruise Costa Group shares

‘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.

  • byJessica Yun