The Costa Group acquires Adelaide Mushrooms

The Costa Group, Australia's largest private producer, marketer and exporter of high-quality fresh fruit and vegetables, will be acquiring all of Adelaide’s Mushrooms’ assets, in a definitive agreement announced early this month. The acquisition, which was revealed by Costa and Paine & Partners, LLC, a global private equity investment firm, did not disclose financial terms.

Adelaide Mushrooms has been named the number one South Australian mushroom producer for almost 10 straight years. Its assets include the Monarto production complex in South Australia, farms at Spreyton and Huon Valley in Tasmania, and Mushroom Centre at the Adelaide Markets. It chairman, Douglas Schirripa, will work with Costa's mushroom team in an advisory capacity. 

The mushroom supplier services supermarkets and greengrocers, and institutions and food service operations across Australia. Its new 360-acre Monarto production complex, which was completed in 2010, includes 30 growing rooms, 26,000 square metres of growing space and 20,000 square metres of composting space.

Harry Debney, chief executive of Costa, said, "Adelaide Mushrooms' operations will complement the key Costa facilities in Victoria, Western Australia and Queensland, augmenting Costa's ability to supply locally sourcedNike Air max Dominate