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

Australian packaging innovator TomKat Global Solutions has opened expressions of interest for its upcoming wholesale equity raise, as it seeks to accelerate the global commercial rollout of its KoolPak reusable packaging system.

Dr Jane Oppenheim, chief executive officer & director of Ego Pharmaceuticals, has been inducted into the Victorian Manufacturing Hall of Fame’s Honour Roll for Service to Industry.

Australian packaging innovator TomKat Global Solutions has signed an exclusive supply agreement with Thai Sekisui Foam and Sekisui Foam Australia, marking a major step in its expansion into Southeast Asia.