This week’s Top 5 stories

Take a look at the stories that caught everyone’s attention on the Food & Drink Business website this week: Mondelēz International opens $13 million automated packaging line; Saveful grocery app launches; Philter Brewing closes Birchal raise at $2.2m; Magic Valley expands into Co-Labs; and applications for Young Henrys Brewing Scholarship now open. 

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Packaging News

Revenue at consumer packaging giant Amcor slipped by one per cent in the first half of the current financial year, on volumes that showed a two per cent increase over the prior corresponding period.

Second quarter trading results for Pro-Pac Group were below its expectations, with the company citing challenges coming from market conditions, and exchange rate movements.

The proposed $143m takeover of zero-waste recycler Close the Loop by private equity group Adamantem Capital has been terminated, with parties unable to reach alignment on commercial terms.