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Freedom Foods Group has extended its voluntary suspension from trading to 30 November. The company extended its suspension to 30 October on 9 July when the scale of its inventory write-downs and bad debts were being realised.

Since then Michael Perich - the Perich family own 54 per cent of the business - has been installed as interim CEO and lender support secured from HSBC, NAB and Arrovest as the board undertakes a recapitalisation plan.

It’s also now being sued for US$16 million by US almond growers’ group Blue Diamond Growers in the US.

 

 

Packaging News

The world’s biggest packaging trade fair interpack has been cancelled, the organisers citing uncertainty over the ongoing coronavirus pandemic surging through Europe.

Sydney-based tube manufacturer Impact International has made another major step on its sustainability journey, launching a first-of-its-kind carbon-offset forest initiative in partnership with leading Australian personal care brands.

Result Group has strengthened its management team with the appointment of seasoned industry executive Paul Irwin as its new national sales manager.