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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

ASX-listed Pro-Pac Packaging Group (PPG), which entered voluntary administration in October, has confirmed further changes to its leadership and administration timeline.

Soft Plastic Stewardship Australia and its industry partners have received long-term approval from the ACCC to operate a national soft plastics collection and recycling scheme, under an eight-year authorisation.

The ANZ flexible converting industry is set to benefit from Currie Group's new strategic collaboration with packaging leaders Uteco and Bimec, and the European Flex-Converting Alliance (FlexCA).