Bellamy's Australia (formerly Tasmanian Pure Foods Ltd) is an Australian food and beverage company, and is the parent company of Bellamy's Organic, Australia's largest organic infant formula producer.
History
Bellamy's started as Bellamy's Organic in Launceston, Tasmania in 2003 as a family-operated company. In 2007 Bellamy's Organic was purchased by Tasmanian Pure Foods, a privately owned business set up to invest in and build Tasmanian food and agribusinesses. In June 2014 Tasmanian Pure Foods was renamed Bellamy's Australia.
Following its initial public offering in July 2014, Bellamy's Australia Limited (BAL) listed on the Australian Stock Exchange (ASX) on 5 August 2014, with its share price rising more than 30% on debut.[1]
In November 2015, Bellamy’s apologised to customers after strong demand, particularly from Chinese consumers, led to shortages of infant formula on Australian retail shelves. The company said the shortages were partly due to bulk purchasing for resale into overseas markets.[2]
In December 2016, Maurice Blackburn said it was investigating a potential class action against Bellamy’s on behalf of shareholders following a sharp decline in the company’s share price after a trading update.