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The Australian Beverages Council has renewed calls for urgent national packaging reform, saying global supply disruptions highlight the need for stronger domestic recycling and harmonised EPR.

Close the Loop has sold its US-based ISP Tek Services business for US$10m, as part of a broader strategic reset aimed at sharpening focus on its core packaging and resource recovery operations.

Multi-Color Corporation (MCC) has successfully completed its financial restructuring process and emergence from its prepackaged Chapter 11 process.

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Food & Drink Business

Pure Foods Tasmania (PFT) has appointed Robert (Rob) Knight as CEO and managing director, effective 1 July. He takes over from Malcolm McAully, who has led the company as executive chairman since the resignation of former CEO Michael Cooper in July 2024.

Adelaide-based Creative Native Foods has secured one of the season’s final Kakadu Plum hauls through Larrakia harvester, Shannon Motlop, extending a supply chain built on direct relationships with Indigenous harvesters working on Country.

US ingredients giant, Ingredion, has made a conditional all-cash proposal to acquire British rival Tate & Lyle in a deal that would value the company at approximately $5.2 billion (£2.74 billion).