• The sale of Freedom Foods Group’s Cereals and Snacks business to The Arnott’s group has been completed. The sale was announced in December, just weeks after reporting on its “deeply disappointing” FY20 $175 million loss.
    The sale of Freedom Foods Group’s Cereals and Snacks business to The Arnott’s group has been completed. The sale was announced in December, just weeks after reporting on its “deeply disappointing” FY20 $175 million loss.
Close×

Freedom Foods extends trading halt

By Kim Berry | 28 October 2020

Freedom Foods Group has extended its voluntary suspension from trading to 30 November. The company extended its suspension to 30 October on 9 July when the scale of its inventory write-downs and bad debts were being realised.

Since then Michael Perich - the Perich family own 54 per cent of the business - has been installed as interim CEO and lender support secured from HSBC, NAB and Arrovest as the board undertakes a recapitalisation plan.

It’s also now being sued for US$16 million by US almond growers’ group Blue Diamond Growers in the US.

 

 

Packaging News

ACOR calls for "urgent action" on plastic packaging   Read more

ACOR calls for "urgent action" on plastic packaging

ACOR is calling on the Government to urgently introduce packaging reforms or risk the collapse of Australia’s plastic recycling sector and face millions of tonnes of plastic waste polluting the environment.

Read more

6 Jan 2026
PKN Year in Review 2025: Reset, rebuild, reposition   Read more

PKN Year in Review 2025: Reset, rebuild, reposition

As 2025 draws to a close, it is clear the packaging sector has undergone one of its most consequential years in over a decade. Consolidation at the top, restructuring in the middle, and bold innovation at the edges have reshaped the industry’s horizons. At the same time, regulators, brand owners and recyclers have inched closer to a new circular operating model, even as policy clarity remains elusive.

Read more

11 Dec 2025
Pact profit warning cites challenging trade conditions   Read more

Pact profit warning cites challenging trade conditions

Pact has reported a decline in revenue and earnings for the first five months of FY26, citing subdued market demand, as chair Raphael Geminder pursues settlement of the long-running TIC earn-out dispute.

Read more

11 Dec 2025