Company finalizing requirements to move to the OTCQB market tier Kona Gold Solutions, a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, is pleased to announce it has projected revenue of $1.5 million ($1,500,000) from its Gold Leaf Distribution subsidiary in 2020. Gold Leaf Distribution is the[Read More…]
Australia
Campbell completes sale of international operations to KKR
Total Net Proceeds of approximately $3 Billion from divestitures of Campbell International and Campbell Fresh Campbell Soup Company has completed the sale of Arnott’s and certain of Campbell’s International operations to KKR for approximately $2.2 billion in cash, subject to customary adjustments. With this transaction, Campbell has now completed the sale[Read More…]
Researchers in Australia use banana plants for packaging
To turn banana plantation waste into packaging material that is not only biodegradable, but also recyclable Researchers at the University of New South Wales (UNSW) Sydney have discovered a novel way to turn banana plantation waste into packaging material that is not only biodegradable, but also recyclable. Associate Professor Jayashree[Read More…]
SIG to acquire Visy Cartons in Australia
Visy Cartons has for many years produced SIG aseptic cartons under licence from SIG for sale in the Australia and New Zealand markets SIG has reached agreement to acquire Visy Cartons Pty Ltd (“Visy Cartons”) from VisyPak Operations Pty Ltd, a subsidiary of Pratt Consolidated Holdings Pty Ltd, for AU$70[Read More…]
Non-GMO Reb D Stevia Leaf Sweetener gets approval in Australia, NZ
BESTEVIA Reb D is a non-caloric, high-purity stevia sweetener with a clean, sugar-like taste US based sweetener company SweeGen has announced that Food Standards Australia, New Zealand (FSANZ) has assessed and approved BESTEVIA® Reb D Stevia Leaf Sweetener for use as a food additive in Amendment No. 187 issued on September 5, 2019. After[Read More…]
Researchers develop kit to detect gluten in any food
Scientists from Australia’s national science agency, CSIRO, can now detect gluten in any food and show which grain it comes from, making it easier for food companies to correctly label their products The scientists from Commonwealth Scientific and Industrial Research Organisation (CSIRO), announced that they have discovered a way to detect[Read More…]
Prinova expands into Asia-Pacific with new subsidiary in Australia
Global ingredients and premix supplier Prinova has expanded into the Asia-Pacific market with the establishment of an entity in Australia The new subsidiary of Prinova Europe Ltd will serve customers in Australia and New Zealand. It comes in direct response to demand from global clients seeking production support in APAC[Read More…]
AB InBev sells its Australian biz to Asahi Group
The divestiture of Carlton & United Breweries, once completed, will help AB InBev to accelerate its expansion into other fast-growing markets in the APAC region and globally The divestiture of Carlton & United Breweries, once completed, will help AB InBev to accelerate its expansion into other fast-growing markets in the[Read More…]
Coca-Cola Amatil launches 100% recycled bottle for carbonated beverages
100 per cent recycled plastic had previously been used in still beverages, it had never successfully been used for carbonated drinks Coca-Cola Amatil has produced Australia’s first carbonated soft drink bottles made from 100 per cent recycled plastic, in a major step forward for sustainability. Group Managing Director Alison Watkins[Read More…]
Atlantic Natural Foods formalizes distribution agreement with Freedom Foods Group Limited
The announcement comes just days after one of the UK’s top five supermarkets, Morrisons, became the first major retailer in the United Kingdom to stock TUNO, the brand’s plant-based, canned seafood alternative. One of the world’s leading producers of plant-based protein products, Atlantic Natural Foods (ANF), announced today that it[Read More…]
