GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in GrainCorp for cash consideration of US$10.42 per share. According to GrainCorp Board, the proposal is subject to a number of…

Coca-Cola Amatil confirms Australian SPC fruit unit sale

AUSTRALIA – Coca-Cola Amatil has confirmed that it will be selling its fruit and vegetable processing unit in Australia, SPC, a business that has been making losses over the years. The company which has also warned of declining beverage volumes in Australia embarked on a strategic review of the business in August this year with…

Coca-Cola Amatil secures 28-year beer and cider distribution deal with Rekorderlig

AUSTRALIA – Coca-Cola Amatil and Abro, the global brand owner of Rekorderlig Cider has entered into a 28-year distribution agreement strengthening the former’s position in the Australian beer and cider market. Coca-Cola Amatil will assume full responsibility for the promotion and marketing of the Rekorderlig Cider brand in Australia, enabled by expansion of its marketing…

tna opens new manufacturing site in Australia to triple capacity

AUSTRALIA – The food processing and packaging equipment solutions provider, tna has inaugurated a state-of-the-art manufacturing facility in Melbourne, Boronia, Australia to expand to almost triple its production capacity. The new site will enhance its production capacities for its equipment including flagship vertical form fill and seal (VFFS) packaging system, the tna robag. According to…

tna co-founders Alf and Nadia Taylor awarded 2018 Ethnic Business Award

AUSTRALIA – Global food processing and packaging equipment manufacturer, tna has announced that its co-founders Alf and Nadia Taylor have been awarded with the 2018 Ethnic Business Award in the ‘Medium to Large Business’ category. At the 30th Ethnic Business Awards gala dinner held in Sydney, the two were hailed for their entrepreneurship, personal dedication,…

GrainCorp profit falls 50% under prolonged drought in the eastern grain belt

AUSTRALIA -  Australia’s largest grain handler, GrainCorp has said annual net profit fell 50% to US$51.37 million as a result of dry conditions that hit production in eastern Australia during the last cropping season. The company reported continued positive performance from the Malt business and strong contributions from Bulk Liquid Terminals and Grains’ international grain…

Coca-Cola Amatil partners three technology startups to improve delivery efficiency

AUSTRALIA – Coca-Cola Amatil has partnered with three Australian startups Bellr, Snooper, and Staybil as part of its Xcelerate venture to boost delivery efficiencies as well as enhance consumer experience in Australia. This is part of the company’s initiative designed to test whether combining emerging businesses with Amatil’s established customer base and supply chain footprint…

Australian wine exports report double-digit growth by 11% increase in value

AUSTRALIA - Australian wine exports have posted double-digit growth in the 12 months to September 2018, with the value of exports up by 11% to US$2.71 billion, while reflecting an increasing taste for premium drops. The average value of wine exported was up 7% for bottled wine to US$5.90 per litre, with unpackaged wine rising…

Australia and New Zealand alcohol producers to develop warning labels on products

AUSTRALIA - Alcohol producers will be forced to label their products with warnings relating to the risks of drinking during pregnancy in an agreement reached by Australian and New Zealand ministers. According to Food Business News, the labels will be developed by Food Standards Australia New Zealand in consultation with the alcohol industry, and will…

Australian organic children’s snack company Whole Kids to launch in China

AUSTRALIA - Whole Kids, Australia’s largest certified organic snacks manufacturer for children said it plans to launch in China as it seeks to boost on global sales. Founded in 2005 by husband and wife James and Monica Meldrum, the company produces certified organic, additive free and allergen friendly snacks with a goal to provide a…