AUSTRALIA – The Australian Competition and Consumer Commission (ACCC) has approved Mengniu Dairy’s bid to acquire Kirin Holding’s Australian beverage unit Lion Dairy & Drinks for about US$419 million. The Chinese dairy giant tabled the […]
AUSTRALIA – Bubs Australia has entered a new supply agreement with Woolworths, Australia’s leading supermarket chain, that is expected to materially add to double retail exposure for its infant formula portfolio. Bubs first entered into […]
AUSTRALIA – Victoria-headquartered health and wellness food brand, Soulfresh has secured a £26m (US$34.28m) investment from retail and consumer investment firm, True to support growth and international expansion. Founded by Didi Lo in 2003, Soulfresh […]
AUSTARLIA – Grain and commodities storage company, GrainCorp has appointed Robert Spurway to take up the role of Managing Director and CEO after completion of the planned demerger of the Company’s Malt business in early […]
AUSTRALIA – Olam Orchards Australia (OOA) has entered into an agreement with Public Sector Pension Investment Board (PSP Investments) to sell 89,085 megalitres of its permanent water rights in Australia for A$490 million (US$332.5m). In […]
AUSTRALIA – PepsiCo has announced that it has changed the cooking oil for majority of its snack brands in Australian to canola oil, in a move aimed at reducing the saturated fat content in Doritos, […]
AUSTRALIA – Australia’s plant-based meat startup, v2food has raised US$35 million in Series A funding round led by Main Sequence Ventures and Hong Kong business magnate Li Ka-shing’s Horizons Ventures. Sequoia Capital China and Fairfax […]
CHINA – Chinese dairy giant, Mengniu Dairy has agreed to buy Kirin Holdings Co.’s Australian beverage unit Lion Dairy & Drinks for about 45.6 billion yen (US$419 million). The deal includes all white milk, milk-based […]
AUSTRALIA – Maxum Foods, one of Australia’s leading suppliers of dairy ingredients has officially launched its food service division, Maxum Food Service. With Maxum Food Service, the company seeks to offer restaurants, cafes and quick […]
AUSTRALIA – Meat packing business, Hilton Foods Australia has opened a new AUS 280 million (US$190.3 million) meat processing and distribution facility in Heathwood, Queensland. The state-of-the-art processing plant will utilise the latest robotic systems […]
