Driscoll’s Takes Ownership of Australia’s Costa Group

Feb. 26, 2024
PE parent company and an investment management corporation partner with Driscoll’s to purchase Australian grower, packer and marketer of fruit and vegetables.

Driscoll’s, a producer of fresh strawberries, blueberries, raspberries and blackberries, has announced in conjunction with Paine Schwartz Partners and British Columbia Investment Management Corp. that it has completed the purchase of Costa Group, an Australian grower, packer and marketer of fresh fruit and vegetables.

Costa was started in the late 1800s and has since grown into a leading global horticultural company with a portfolio of fresh produce that includes blueberries, glasshouse tomatoes, citrus, avocados, mushrooms and table grapes. Production and grower networks exist throughout Australia as well as in China, Morocco and southern Africa. Its products are sold throughout Europe, Asia and North America.

The release stated that this new deal is part of a “logical progression of the relationship between Driscoll’s and Costa, which began in 2010.” The companies equally own a joint venture marketing blueberries, raspberries, strawberries and blackberries in Australia, and entered into a joint venture in 2016 to start up a berry production company in China. These existing arrangements will continue unaffected by the new ownership structure.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

Sponsored Recommendations

Troubleshoot: Grittiness in gluten free cookies

Learn how to adjust gluten free cookie recipes for a softer texture.

Clabber Girl: Rising Success

Uncover how Clabber Girl Corporation achieved a remarkable 7% growth and improved manufacturing efficiency by seamlessly integrating Vicinity's batch manufacturing solution with...

Intelligent Blends: Taking Technology to the Next Level

Find out how our friends at Intelligent Blends use VicinityFood and Microsoft Dynamics GP to produce the best coffee around.

Key ingredient: Mother Murphy's Laboratories

Flavorings manufacturer Mother Murphy’s Laboratories integrates front office with production facility — improving operations from initial order to final invoice.