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Costa Group

Australia-based produce supplier Costa Group is to invest in its domestic mushroom production to meet what it says is growing demand for the vegetable.

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Australian produce company Costa Group Holdings has raised its full-year profit outlook having booked higher sales and earnings for the first half of fiscal 2017/18.

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Australian produce company Costa Group Holdings has teamed up with investment bank Macquarie to buy the Avocado Ridge avocado orchards and packing operations from the Carney family. 

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An "outstanding" performance from its citrus business enabled Australian produce supplier Costa Group to book a-near 12% increase in full-year revenue. 

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Australian fruit and vegetables supplier Costa Group has reported an increase in half-year sales and profits, with growth across its produce categories.

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Costa Group, the Australian produce supplier, and US-based distributor Driscoll's have set up a berry production venture in China.

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Shares in newly-listed Australian produce supplier Costa Group Holdings closed their first day of trading below their issue price.

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The owners of Australian fresh produce firm Costa Group has sold a 50% stake in the business to private-equity firm Paine & Partners.