Costa Group Holdings Pty Ltd
Costa
Costa Group Holdings Pty Ltd is an Australian horticultural grower, packer and marketer of fresh produce that trades under the brand Costa, with consumer labels including MushBoom, Perino and Lovacado. Its business support centre is at Level 5, 818 Bourke Street, Docklands, VIC 3008, Australia; the long-standing registered and principal address up to August 2023 was 275 Robinsons Road, Ravenhall, VIC 3023. Costa Group is not a Fortune Global 500 company. It has been privately held since February 2024 and its last public full-year revenue, A$1,458.55 million for FY2023, is far below Fortune Global 500 scale; no consortium member's size is Costa's own size.
The business traces to a family produce operation in the late 1800s. Company history dates its origins to 1895, when Francesco Costa arrived in Australia from Salina, Italy, and the February 2024 take-private announcement describes a company started by the Costa family in Geelong, Victoria with a more than 120-year history. The founding year of 1888 that appears in third-party reference material such as Wikipedia has no company source. The listed entity, ACN 151 363 129, was registered on 29 June 2011, floated on the ASX in July 2015 and was renamed Costa Group Holdings Pty Ltd on 3 June 2024 after the take-private.
FY2023, the year ended 31 December 2023, produced revenue of A$1,458.55 million, sales of A$1,420.73 million and a net loss of A$24.32 million, against FY2022 revenue of A$1,357.56 million and net income of A$33.63 million. The last half-year disclosure, the 26 weeks ended 2 July 2023, reported revenue of A$770.7 million, up 8.7%, EBITDA-S of A$150.2 million, NPAT-S of A$37.8 million and net debt of A$350.1 million at 2.31x leverage. No FY2024 or FY2025 results exist publicly: Costa was taken private in February 2024 and no longer files financial statements.
Production spans four countries. In Australia the group runs mushroom farms at Monarto in South Australia, Mernda in Victoria and Casuarina in Western Australia; glasshouses at Guyra in New South Wales; citrus farms and packhouses including Kangara at Murtho and Yandilla at Renmark; berry farms in four states with a packhouse and distribution centre at East Devonport; a banana farm at Walkamin; and avocado farms at Comboyne, Fishermans Reach and four Queensland sites. Berry International operates nine growing sites in Yunnan, China, farms at Larache and six further Moroccan locations, and a new operation at Paksong in Laos. Total cropping area is 8,532 hectares, of which 2,565 hectares, or 30%, is protected, and the 2025 workforce was 11,156 FTE direct hires.
Ownership is a consortium structure. Costa was acquired by Chilli Buyer Pty Ltd, a bidco for a consortium led by Paine Schwartz Partners with Driscoll's, Inc. and British Columbia Investment Management Corporation, at A$3.20 cash per share, an equity value of about A$1,496 million and an enterprise value of about A$2,459 million; Paine Schwartz and Driscoll's affiliates held about 19.62% of the shares before the scheme. Driscoll's is a minority co-investor and long-standing berry joint-venture partner, not the acquirer. On category claims: Australia's largest citrus grower and Australia's leading mushroom grower are company statements, but for berries its website says only that it is one of Australia's leading berry producers. Stone fruit is not a disclosed core category, and no country count or facility count is published.
Read More ▼Show Less ▲
Costa Group Holdings Pty Ltd is an Australian horticultural grower, packer and marketer of fresh produce that trades under the brand Costa, with consumer labels including MushBoom, Perino and Lovacado. Its business support centre is at Level 5, 818 Bourke Street, Docklands, VIC 3008, Australia; the long-standing registered and principal address up to August 2023 was 275 Robinsons Road, Ravenhall, VIC 3023. Costa Group is not a Fortune Global 500 company. It has been privately held since February 2024 and its last public full-year revenue, A$1,458.55 million for FY2023, is far below Fortune Global 500 scale; no consortium member's size is Costa's own size.
The business traces to a family produce operation in the late 1800s. Company history dates its origins to 1895, when Francesco Costa arrived in Australia from Salina, Italy, and the February 2024 take-private announcement describes a company started by the Costa family in Geelong, Victoria with a more than 120-year history. The founding year of 1888 that appears in third-party reference material such as Wikipedia has no company source. The listed entity, ACN 151 363 129, was registered on 29 June 2011, floated on the ASX in July 2015 and was renamed Costa Group Holdings Pty Ltd on 3 June 2024 after the take-private.
FY2023, the year ended 31 December 2023, produced revenue of A$1,458.55 million, sales of A$1,420.73 million and a net loss of A$24.32 million, against FY2022 revenue of A$1,357.56 million and net income of A$33.63 million. The last half-year disclosure, the 26 weeks ended 2 July 2023, reported revenue of A$770.7 million, up 8.7%, EBITDA-S of A$150.2 million, NPAT-S of A$37.8 million and net debt of A$350.1 million at 2.31x leverage. No FY2024 or FY2025 results exist publicly: Costa was taken private in February 2024 and no longer files financial statements.
Production spans four countries. In Australia the group runs mushroom farms at Monarto in South Australia, Mernda in Victoria and Casuarina in Western Australia; glasshouses at Guyra in New South Wales; citrus farms and packhouses including Kangara at Murtho and Yandilla at Renmark; berry farms in four states with a packhouse and distribution centre at East Devonport; a banana farm at Walkamin; and avocado farms at Comboyne, Fishermans Reach and four Queensland sites. Berry International operates nine growing sites in Yunnan, China, farms at Larache and six further Moroccan locations, and a new operation at Paksong in Laos. Total cropping area is 8,532 hectares, of which 2,565 hectares, or 30%, is protected, and the 2025 workforce was 11,156 FTE direct hires.
Ownership is a consortium structure. Costa was acquired by Chilli Buyer Pty Ltd, a bidco for a consortium led by Paine Schwartz Partners with Driscoll's, Inc. and British Columbia Investment Management Corporation, at A$3.20 cash per share, an equity value of about A$1,496 million and an enterprise value of about A$2,459 million; Paine Schwartz and Driscoll's affiliates held about 19.62% of the shares before the scheme. Driscoll's is a minority co-investor and long-standing berry joint-venture partner, not the acquirer. On category claims: Australia's largest citrus grower and Australia's leading mushroom grower are company statements, but for berries its website says only that it is one of Australia's leading berry producers. Stone fruit is not a disclosed core category, and no country count or facility count is published.
Business Nature
Core Business Areas
Industry Rankings
Corporate Report
VerityRank Score
Based on market presence, financial scale, operational capacity, and brand strength.
Quick Facts
Headquarters
Level 5, 818 Bourke Street, Docklands, VIC 3008, Australia (current business support centre). The long-standing registered and principal address through 2023 was 275 Robinsons Road, Ravenhall, VIC 3023.
Founded
1895 (family business, Australia); ASX 2015
Employees
11,156 FTE (2025); Australia 5,157, China 3,351, Laos 97
Revenue
A$1,458.55 million (FY2023); net loss A$24.32 million; no figures after Feb 2024 delisting
Factories
Mushroom farms Monarto SA, Mernda VIC, Casuarina WA; glasshouse Guyra NSW; citrus Murtho & Renmark SA; berry packhouse TAS; China (Yunnan) nine sites; 8,532 ha cropping
Listing
Delisted; ASX: CGC (2015-2024); taken private Feb 2024
Categories
Data Sources & Methodology
This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.
VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.
Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.
Key references: Official Website , Costa Group · 2025 Sustainability Report · ASX scheme notice · Paine Schwartz releases · ABN Lookup · Delisted.com.au