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: Woolworths CEO Brad Banducci resigns; shifts in the plant-based meat landscape; merged businesses form Fonterra Oceania; Bega relocates Betta Milk manufacturing to Hobart; and Wide Open Agriculture looks to offload its retail brand. 

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Packaging News

Australian packaging machinery manufacturer Packserv has forged a new strategic alliance with FP Developments, making its equipment directly available to customers across the United States.

Tetra Pak is investing €60 million in a new pilot plant in Lund, Sweden, to advance development of an aseptic carton material that replaces the traditional aluminium foil layer with a paper-based barrier.

The Australian and New Zealand businesses of Pro-Pac Packaging (PPG), excluding Perfection Packaging, have been sold to Consolidated Packaging Australia, a subsidiary of Knoxcorp, the privately owned Australian investment company headed by Jim Knox.