The winners of the 2026 Hive Awards have been recognised and celebrated as some of Australia's most innovative food and beverage manufacturers over the past year. The awards were presented on Thursday 21 May during a long lunch at Linseed House, Sydney, to a room of over 100 industry leaders abuzz with excitement.

Welcome to PLAY, Food & Drink Business’ monthly wrap of the biggest stories shaping Australia’s food and beverage manufacturing sector. This month saw major acquisitions, executive shake-ups, industry awards, fresh questions over Australia’s research capability, and continued pressure on balance sheets across the sector. Let’s get into it.

Welcome to the latest issue of Food & Drink Business, the first quarterly issue for 2026. We have an extensive look at the trends in driving consumer behaviour and the opportunities they create for manufacturers. Our cover story is on the partnership between Process Partners and Bulla to deliver a world-class ice cream plant. And there is so much more.

Our Top 100 2025 edition of Food & Drink Business magazine is more than the annual flagship Top 100 Report. Industry leaders reflect on the year past and the one ahead, we provide our annual news review, M&A wrap-up, and all the executive moves, and a Roman-inspired sports drink, Posca, is our final Rising Star for 2025.

Food & Drink Business and IBISWorld present this year’s Top 100 companies, a ranking of Australia’s largest food and drink companies by revenue. This year reflects a sector positioning itself for immediate term viability and long-term competitiveness.

FSANZ extends HSR submissions deadline

Food Standards Australia New Zealand (FSANZ) has extended the deadline for submissions on its assessment of Health Star Rating labelling. Interested parties now have until 5 July, with the organisation saying no further extensions will be granted.  

Barry breaks EOI records in $2.76m OnMarket raise

Alcoholic RTD brand, Barry, has completed a crowd-sourced funding campaign of almost $2,765,000 through OnMarket, supported by over 1880 investors. The raise broke OnMarket’s record twice for single-day sign-ups during the expression of interest (EOI) phase.

Fresho acquires UK software provider

Australian food wholesale technology company, Fresho, has acquired UK-based ERP software provider Nation Wilcox, strengthening its position in the British food wholesale market and advancing its AI development strategy.

End Food Waste Australia ends CEO search

End Food Waste Australia (EFWA) has appointed Wendy Hughes as CEO, after she stepped into the role of acting CEO in March.

Mondelēz upgrades Scoresby packaging tech

Mondelēz International has marked the 50th anniversary of its Scoresby confectionery factory with an $8 million investment in new packaging technology designed to support future growth and manufacturing capability in Australia.

Fonterra shifts to market-led leadership

Fonterra Co-operative Group has made permanent a shift to a market-led leadership structure, naming three senior executives as the dairy co-operative sharpens its B2B focus following the completion of its Mainland Group divestment.

Sea Swift to amend contracts after ACCC action

Northern Australian shipping and logistics company, Sea Swift, has acknowledged ACCC concerns its conduct may breach competition laws and will amend its transport contracts.

Asahi starts $150m Queensland DC build

Asahi Beverages has turned the first sod on a $150 million distribution centre at Redbank, south-east Queensland, the second site in a three-part national program to modernise its supply chain network.

Packaging News

New Cleanaway research reveals overwhelming support for packaging reform, recycled content mandates and national recycling rules, as industry looks to policy certainty to unlock the next wave of recycling infrastructure investment.

Three months after fears of a plastics supply crisis first rippled through Australia's packaging sector, the immediate sense of alarm has eased. Supply chains are still under pressure, prices remain elevated, and uncertainty persists, but PKN's conversations across the packaging value chain suggest the industry has shifted from crisis response to resilience management.

Australia’s first National Environmental Protection Agency has appointed veteran public sector leader John Bradley as its inaugural CEO, ahead of the agency’s official launch on 1 July.