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Why Is Bega Group Closing Strathmerton to Save $30M Annually?
5:07pm on Tuesday 6th of May, 2025 AEST
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Consumer Staples
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Why Is Bega Group Closing Strathmerton to Save $30M Annually?
5:07pm on Tuesday 6th of May, 2025 AEST
Key Points
Strathmerton site to close by mid-2026, operations move to Ridge Street
$30 million annual cost savings expected post-consolidation
$50 million capital investment planned at Ridge Street facility
Non-cash impairment and one-off redundancy costs estimated at $30-$40 million each
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