Bega Group sells peanut factory assets to local business

Bega Group sells peanut factory assets to local business

Bega Group has agreed to sell certain assets of its peanut processing business, Peanut Company of Australia (PCA), to peanut processor Crumptons. Bega announced last week that the sale covers “certain limited assets” of PCA, which include the land, buildings and equipment at Kingaroy and Tolga in Queensland. The financial details of the deal were not disclosed. In July, the group revealed it would wind down PCA following the completion of a year…