Divisions include: Costa has undergone significant changes and growth since its origins in a family-owned fruit shop that was founded in Geelong in 1888.

Today, the Costa Group stands as Australia's largest horticultural company with diversified operations across the supply chain from farming and packing to marketing and distribution.

[4] Since 2011, Costa has been undertaking a strategic transformation program focused on increasing its scale and vertical integration within its portfolio and reinvesting in the business to refresh core assets and fund growth.

As part of its strategic transformation program, Costa has exited categories such as leafy vegetables, potatoes and stone fruit, as well as downsized non-core operations including table grapes, bananas and logistics.

[citation needed] In September 2023, the Board of Costa agreed to a takeover offer from a private equity consortium led by Paine Schwartz Partners, Driscoll’s Inc and the British Columbian Investment Management Corp at AUD 3.20 per share, valuing the company at approximately AUD 1.5 billion.