Australian law firm Addisons has advised Bega Cheese Limited on its recent acquisition of the Betta Milk and Meander Valley Dairy brands and related assets from TasFoods Limited and Van Diemen’s Land Dairy Pty Ltd.
In line with Bega’s announced strategy, the acquisition of these household brands in Tasmania has created the opportunity for Bega Cheese to grow and expand regional brands. Bega will also gain better efficiencies and increased scale in Tasmania because of the transaction.
Relationship partner for Bega Cheese Laura Hartley said “This transaction is an excellent example of Addisons’ expertise in advising clients over the long-term to support their strategic plans for growth. The acquisition is a great result for Bega Cheese as consolidation in the Australian dairy industry continues to occur. We look forward to working with Bega Cheese as they continue to realise their vision for their business in the future”.
Addisons advised Bega Cheese on all aspects of the transaction. Special Counsel Renee Shipp led the Addisons team with support from Consultant David Ferguson and Solicitor Lisa Csomore. Partner Laura Hartley and Special Counsel Sarah Best advised on the competition law aspects. Partner David Blackburn and Senior Associate Jonathan Du advised on property with support from Partner Penny Murray on environmental law.