Bubs Australia partners Fonterra to produce first organic infant formula

AUSTRALIA – Bubs Australia has partnered with New Zealand’s dairy co-operative, Fonterra to launch certified organic grass-fed cow milk infant formula in Australia. Bubs Australia has entered into a supply agreement with Fonterra to produce Bubs Organic® new infant formula range. Fonterra will supply Bubs with organic milk powder, sourced from its organic milk pool…

Coca-Cola Amatil on track to use 60% renewable energy by 2020

AUSTRALIA – Coca-Cola Amatil (CCA) has announced that it is on track to source 60 per cent of its energy from low-carbon and renewable by next year, as part of its push to improve manufacturing sustainability. According to the company’s 2018 Sustainability Report, it currently sources the equivalent of 56.2 per cent of its energy…

Saputo to acquire Lion Dairy’s specialty cheese business for US$197m

AUSTRALIA – Canadian dairy company, Saputo has entered into a definitive agreement to acquire the specialty cheese business of Australia’s Lion-Dairy & Drinks Pty Ltd for US$196.9 million (AUD 280 million). The sale to Saputo will include all Dairy & Drinks’ specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi…

Coca-Cola Amatil pledges to use 70% recycled plastic bottles by 2019

AUSTRALIA – Coca-Cola Amatil has announced that it targets to make 70% of its plastic bottles entirely from recycled plastic by the end of 2019 as it looks to improve its environmental carbon footprint. The move is part of the global Coca-Cola company’s initiative to create a World Without Waste by increasing the recycled content…

CBH Group appoints Simon Stead as Deputy Chairman of the Board

AUSTRALIA – Australia’s leading grain handler, CBH Group has appointed member director Simon Stead as deputy chairman of the board, effective immediately. Mr Stead has been a Member Director of the CBH Board since 2015 and is the CBH appointed representative on the Co-operatives WA Council. He is also a member of the Industry Advisory…

GrainCorp plans to demerge global malting business in portfolio review

AUSTRALIA – Australia’s grain and commodities supplier, GrainCorp has announced intentions to demerge its global malting business to form MaltCo to enable a more strategic focus on the division. The strategic portfolio review will see the creation of two separate businesses to create one of the world’s leading malting business and a stand-alone Australian-focused grains…

Bubs Australia to acquire infant formula producer Deloraine Dairy

AUSTRALIA – The Australian infant-formula and baby-food company, Bubs Australia has agreed to fully acquire infant formula peer producer Australia Deloraine Dairy (Deloraine) as it looks to expand its products range. The transaction will be through a cash consideration of US$17.66 million (A$25 million) and 15,384,615 Bubs shares to the value of US$7.06 million (A$10…

CBH Group receives second largest harvest on record at 16.4 million tons

AUSTRALIA – Leading Australian grain merchant, CBH Group has completed its second biggest harvest on record with 16.4 million tonnes of grain received across the CBH network during the 2018-19 season. According to CBH General Manager Operations David Capper, the season performed well above expectations and in comparison to other periods in the years before.…

Coca-Cola Amatil ditches plastic straws and stirrers in Australia

AUSTRALIA – Coca-Cola Amatil has announced that it will no longer distribute single-use plastic drinking straws or stirrers in Australia, and would instead stock fully recyclable and biodegradable FSC (Forest Stewardship Council) accredited paper straws starting February. The company said the new paper drinking straws will be sourced from suppliers BioPak and Austraw and made…

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…