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

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.

Schütz Australia is expanding its packaging collection and reconditioning activities in Victoria through the acquisition of ContainerSave and DrumSavers.

Avantium N.V. and Packamama have signed a capacity reservation agreement for Avantium’s plant-based polymer PEF, branded as Releaf. The polymer is produced using Avantium’s YXY Technology.