Close×

Amazon's deal to buy US supermarket chain Whole Foods Market is likely to further rattle the local food and beverage industry ahead of its Australian launch.

Amazon, which in April confirmed its intention to launch in Australia, bought the US grocery retailer for $US13.7 billion ($18 billion).

The chain, which mostly operates in upmarket locations and markets itself as 'America's healthiest grocery store', has been struggling, according to The Australian Financial Review.

The deal is reportedly the biggest ever for the e-commerce giant, and will significantly lift its bricks and mortar presence.

Packaging News

Pact Group has urged a Senate Inquiry to support mandatory national packaging regulation in order to drive sufficient demand for recycled content and investment in Australia's circular economy.

Australian packaging automation supplier HMPS Propac has acquired Enmin, strengthening its packaging line capabilities by adding product handling, vibratory feeding and weighing systems to its portfolio.

Michael Dossor has been appointed president of the Australasian Institute of Packaging, outlining a strong focus on technical education and preparing industry for the next wave of packaging reform.