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Propak Industries will release what it says is Australia’s first 100 per cent post-consumer recycled (PCR) content stretch wrap. The new product is made entirely from recycled content resin, offering a circular solution for pallet security while enabling users to integrate recycled materials into their operations.

The stretch wrap incorporates a traceability feature, with a QR code printed on each box. This allows customers to track the origin of the soft plastics used in its production, supporting transparency and accountability in sustainable packaging.

To further enhance its circular approach, Propak Industries is introducing a closed-loop service for large users of soft plastics. The process involves collecting their soft plastic waste, sorting and cleaning it, converting it back into resin, and manufacturing it into stretch wrap that is returned to the customer for reuse.

Nationwide trials for the 100 per cent PCR stretch wrap will begin in early December, with full commercial availability scheduled for January.

Food & Drink Business

Cobram Estate Olives (CBO) has formally claimed a purchase price adjustment of up to US$31.9 million on its California Olive Ranch (COR) acquisition and expects to pay no earn-out on the deal, as the Australian producer works through the completion of its largest ever transaction.

Maggie Beer Holdings (MBH) has pushed back the expected timing of its proposed $10 million sale of Hampers and Gifts Australia (HGA), with completion now targeted for February 2027 rather than a binding agreement signed by the end of this month.

RMIT University and End Food Waste Australia have launched the new Food and Beverage SME Packaging and Machinery Solution Centre, to help Australian food and beverage SMEs navigate the complex transition to more sustainable packaging and processing technologies, while protecting product quality and minimising food waste.