In this episode, Food & Drink Business editor Kim Berry is joined by Dominic Westendorf, the Regional and Agribusiness Banking Victoria GM for Commbank, and the CEO of Ferndale Foods Australia, Leigh Edward, to discuss the valuable role and benefits of regional food and beverage manufacturing.

In an industry with many moving parts, industry bodies become essential for providing cohesion, driving agendas, and being the voice for the sector they represent. Food & Drink Business invited three of Australia’s leading industry heads to share their reflections on the year that was and what’s on the agenda for 2025.

2024: The year that was

The business of food and drink is a fast moving behemoth, with takeovers, downfalls, and events both good and bad. But there is also the unexpected, and on that front, 2024 more than delivered. Editor Kim Berry gives you her take on the last 12 months.

Food & Drink Business presents its annual flagship Top 100 Food & Drink Companies Report for 2024. Compiled in collaboration with IBISWorld, the report ranks by revenue Australia’s biggest players in the food and drink sector. It’s your go-to industry resource into Australia’s largest manufacturing sector.

SPC relists on the ASX

It has been 20 years since SPC was listed on the Australian Securities Exchange (ASX) but this week returned as SPC Global (ASX: SPG) following its merger with The Original Juice Company (OJC) and Nature One Dairy (NOD).

LittleOak grows retail presence

New Zealand Infant formula brand, LittleOak, is boosting its retail presence through a new partnership with Independent Pharmacies Australia (IPA) that will see its range available in IPA’s banner group, Chemist Discount Centre (CDC).

Inghams CEO retires, NZ CEO to step-up

Inghams Group CEO and managing director, Andrew Reeves, will retire in mid-2025, with the CEO of its New Zealand business, Edward Alexander, announced as his replacement.

BREAKING: Darren Fullerton retiring in 2025

Suntory Beverage & Food Oceania CEO, Darren Fullerton, will retire in March 2025, leading the final stages of Suntory Oceania’s creation and then continuing as an advisor.

Consultation opens for Victoria’s wine strategy

The Victorian Government says it is developing a new strategy to ensure the growth and sustainability of the state’s $9 billion wine industry. The draft Victorian Wine Strategy is now available for public consultation until 31 January.

Fonterra announces its largest decarbonisation project

Fonterra says a plan to convert two coal boilers to wood pellets at its Clandeboye site in South Canterbury, New Zealand, is a crucial step in its commitment to exit coal by 2037. 

Lockyer Valley Foods: $50m Series A to revive fruit and vege processing

The Lockyer Valley Fruit & Vegetable Processing Company (Lockyer Valley Foods) says its $50 million Series A funding round will kickstart construction of Australia’s first fruit and vegetable processing facility in 80 years.

TOP 100 2024: Rises and Falls

This year saw 37 companies move up the list while 33 companies went in the other direction. Two companies managed the largest drop of 10 places while the biggest jumps were attributed to updated financial reporting, acquisitions, and commodity markets.  

HOT OFF THE PRESS: December/January edition out now

Our December-January 2025 edition of Food & Drink Business magazine is more than the annual flagship Top 100 Report. Three of the industry's leaders reflect on 2024 and look to 2025, Foodmach outlines how modern palletising solutions benefit the whole business, and Coast of Gold is our final Rising Star for 2024.

Packaging News

PIDA award winners from the ANZ region received the fourth highest number of wins in the world behind Japan, Germany/Austria and India in the latest round of the WorldStar Packaging Awards.

Amcor has again been included in the Dow Jones Sustainability Indices (DJSI): Australia Index, recognised for its commitment to environmental, social and governance sustainability performance.

Packamama has secured a $100,000 feasibility grant from the Australian government under the Business Research and Innovation Initiative (BRII), Renewables and Low Emissions Round.