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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

Multi-Color Corporation (MCC) has successfully completed its financial restructuring process and emergence from its prepackaged Chapter 11 process.

The AFGC has welcomed Budget measures aimed at boosting manufacturing, while warning that Middle East instability could drive costs across food, grocery and packaging supply chains.

The Boomerang Alliance has backed a federal Greens bill proposing a national packaging EPR scheme, saying it reflects growing frustration over stalled packaging reform and missed recycling targets.