Australian law firm Addisons has advised Bega Cheese Limited on all aspects of its October 2024 sale of its Leeton Juice Extraction Facility to Grove Juice for AUD$11.4 million. The Bega Group simultaneously entered into a long-term supply agreement which will see Grove Juice process fruit juice at the Leeton site to support Bega Group’s beverage range.
The sale and long-term supply agreement are in line with Bega Group’s announced strategy of engaging in strong, effective and cost-sustainable partnerships that streamline products and simplify supply.
Relationship partner for Bega Cheese Laura Hartley said “This transaction is an excellent example of a cross-disciplinary team at Addisons advising a significant client over the long-term to help it realise its strategic plans. their vision for their business in the future”.
The Addisons team included M&A Partner Laura Hartley, Special Counsel Renee Shipp and Solicitor Lisa Csomore; Property Partner David Blackburn and Senior Associate Jonathan Du; and Environmental and Planning Partner, Penny Murray.