Bega wants to buy Fonterra’s Australian business

By Geoff Adams

Jun 17, 2025

Bega Cheese has flagged an interest in buying Fonterra’s Australian dairy division.

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Bega is seeking Australian Competition and Consumer Commission approval for the potential purchase of Fonterra’s Oceania assets.

In a statement released to the Australian Stock Exchange, Bega described its role as “the natural acquirer” and it was “very interested” in the acquisition.

As an Australian-owned company, Bega Group does not require Foreign Investment Review Board approval.

Bega Group believes that if it were to to be successful it would significantly enhance outcomes for the company and the dairy industry as a whole.

“The combination of the Fonterra and Bega Group assets in Australia would lead to greater efficiencies and enhanced outcomes for Australian farmers, customers and consumers,” the Bega statement said.

Bega Group owns Tatura Milk Industries and is in the process of closing its factory in Strathmerton.