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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

Mars Australia & New Zealand has appointed Karim Lokhandwala as its new chief customer officer of Petcare, commencing 1 June. The news comes as applications open for the company’s Next Generation Pet Food Program with Big Idea Ventures – now in its third year.

Simson's Pantry received the Best NPD Award for its High Protein Souvlaki, which delivers 10g of protein per serve while still maintaining the texture, flexibility and versatility consumers expect. By combining functional nutrition with everyday usability, the company has successfully introduced a new point of differentiation within the Australian flatbread category.

Freshwater Bev Tech has received this year's Gamechanger Award for its patent-pending unpasteurised production process, developed specifically to preserve bio-active compounds in the company's functional beverage brand, SUMMi Soda.