US EditionKingaroy and Tolga Peanut Processing Plants to Close_ Bega Announces
SOUTH BURNETT REGIONAL, QUEENSLAND, JUL 9 – Bega Group will phase out two peanut plants due to sustained losses, risking over 150 jobs and ending nearly 100 years of processing in Kingaroy, which handled 19,000 tonnes annually.
- Bega Group revealed on Wednesday that it will phase out operations at its peanut processing plants located in Kingaroy and Tolga, Queensland, with complete closure planned by early 2027.
- The decision to shut down comes after a year-long strategic assessment triggered by persistent annual losses ranging from $5 million to $10 million amid ongoing challenges in the industry.
- Bega sought to sell the century-old business but was unable to identify a buyer capable of maintaining ongoing employment and support for local growers.
- Chief executive Pete Findlay announced that despite efforts, they have not identified a purchaser capable of ensuring ongoing support for both employees and growers, impacting around 150 staff members.
- The gradual closure will provide affected staff with redundancy packages and support, marking the end of nearly 100 years of peanut production in Kingaroy and affecting as many as 90 local growers.
24 Articles
24 Articles
‘Tough Day’: After 100 Years, Australia’s Largest Peanut Processor to Shut Down
Despite Australians eating around 50,000 tonnes of peanuts each year, that hasn’t been enough to ensure the country’s largest processor of the foodstuff will survive. The corporate owners of the century-old business have decided to scale down operations over the next 18 months before shutting its doors forever. Bega Group, which bought the former Peanut Marketing Board for $11.9 million in 2017, says the around 150 employees at the Peanut Compan…
Bega shuts down peanut factories, leaving 150 workers and 90 growers in the lurch
Bega Australia will wind down the Peanut Company of Australia after a review found it was hemorrhaging up to $10 million each year, leaving up to 150 workers and 90 growers in the lurch. Australia's largest peanut company will undergo a phased shutdown of processing facilities at Kingaroy and Tolga in Queensland over the next 18 months. Bega Group Chief Executive Officer Pete Findlay said he understood the impact the closure would have on sta…
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