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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

Visy has released independently verified lifecycle analysis results indicating its fibre-based insulation product, Visycell, delivers measurable environmental benefits compared with expanded polystyrene.

As construction progresses on its $500 million glass recycling and remanufacturing facility at Yatala in Queensland, Visy is ramping up efforts to prepare the workforce that will operate the site.

Perth-based materials company Uluu is set to scale production of its seaweed-based alternative to plastic packaging after securing $2.1 million through the Australian Government’s Industry Growth Program.