• Pro-Pac: Strategic review underway
    Pro-Pac: Strategic review underway
  • Pro-Pac: Strategic review underway
    Pro-Pac: Strategic review underway
  • Pro-Pac: Strategic review underway
    Pro-Pac: Strategic review underway
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Revenue for the three months to 30 June for Pro-Pac was up by five per cent over the previous quarter, with the company saying it is returning to more stable operating levels.

Flexibles brought in $63.1m and Industrials $16.8m in the quarter, with the company attributing the $4m increase over the Q3 total of $75.9m to “favourable trading conditions".

Cash flow from operating activities for the third quarter represented an inflow of $13.1m, compared with a cash outflow of $600,000 for the March quarter.

Pro-Pac received a $6.1m government grant, and as at 30 June had $8.3m cash in hand, which included the $6.1m, as well as unused debt facilities of $18.8m. It has used $20.2m of its $39m debt facility, which is provided by ScotPac and ANZ Bank.

The grant came through the government’s Modern Manufacturing Initiative, and is to help Pro-Pac establish its soft plastics recycling plant.

Food & Drink Business

Australian entrepreneur and race car driver, Aaron Zerefos, has acquired Sydney-based drinks distribution company, Fresco Beverages – aiming to expand the reach of his existing brand portfolio, which includes Add Water, Ozone, Little Fox Coffee Roasters, C Coconut Water, Fiji Water and Milk Lab.

Australia's national science agency, CSIRO, has opened another focused Innovate to Grow: Agrifood program for 2025, this round focused on Western Australian small to medium-sized enterprises (SMEs) looking to advance through innovation.

Every participant across the food and packaging industry supply chain must ensure foreign contaminants are not present in the products companies deliver to their customers. Eric Confer from Eriez outlines the best practices processing plants use today to achieve the highest product purity and avoid costly tramp metal damage by using magnetic separators and metal detectors.