SPC Global has reconfirmed its FY25 guidance of $29 million in normalised earnings before interest, taxes, depreciation, and amortisation (EBITDA). The company said the four changes identified in its 1H25 results identified have been made and the executive team finalised.

Former CEO of FAL Healthy Beverages, Efthymios (Tim) Xenos, has been sentenced in the Downing Centre Local Court at Sydney to a term of imprisonment for 18 months to be served by way of an Intensive Corrections Order.

Australia’s Food and Beverage Accelerator (FaBA) has undertaken a $5.6 million project to expand consumption of oats, through the commercialisation of products including oat rice, noodles and pasta.

Coles has launched its annual fundraising event for FightMND, with sales of its Big Freeze Beanies and a portion of profits from selected Coles, Peters, Mondelēz, and Asahi products going to the charity until 17 June.

Since launching in 2019, Korean pear juice brand and hangover drink pioneer, Bae Juice, has sold over 5 million units across Australia, surpassing $10 million in total revenue, and growing 18 per cent year-on-year. As the company launches its first new formula since starting out, Food & Drink Business catches up with the Bae Juice team to discuss growth in the functional drink market.

Fonterra Co-operative Group is investing a further NZ$70 million towards decarbonisation of its Edendale site, building two new electrode boilers to replace its existing coal-fired boilers.

Taylors Wines is making a key leadership transition as part of its long-term succession plan – with managing director, Mitchell Taylor, stepping into the role of chairman of the board, and new CEO, John Freeman, commencing 21 July.

Australia's national science agency, CSIRO, is holding a free eight-week program to support small to medium-sized enterprises developing solutions in digital technologies and artificial intelligence as part of its Innovate to Grow program.

Did you hear the buzz last week? Food & Drink Business brought industry leaders from across Australia together to recognise and celebrate innovation in the food and beverage sector, awarding nine well-deserving companies. 

Asahi Beverages has unveiled a new $60 million canning line at its brewery in Yatala, Queensland to meet the growing demand for cans over stubbies.

Fever-Tree Australia (FTA) has begun local production through a partnership with Remedy Drinks, and appointed joint general managers for Australia and New Zealand, following the departure of former managing director, Andy Gaunt, to head business at Sullivans Cove Distillery.

Bega Group will shut its cheese processing and packaging plant in Strathmerton, Victoria, to consolidate operations at its Ridge Street factory in Bega. The decision impacts around 300 employees in Strathmerton and will create 100 jobs in Bega.

The Australian Food and Grocery Council (AFGC) chief operating officer, Colm Maguire, has been appointed CEO after acting in the role since mid-January when Tanya Barden stepped down.

The winners of the 2025 Hive Awards have been recognised and celebrated as some of Australia's most innovative food and beverage manufacturers over the past year. The awards were presented on Thursday 8 May during a long lunch at Linseed House, Sydney, to a room of over 150 industry leaders abuzz with excitement.

Gina's Table took home The Hive Award's 2025 Golden Hive for its leadership, innovation, and commitment to reducing food waste through value-added processing.

KoolPak by TomKat Global Solutions received the 2025 Gamechanger Award for its breakthrough in sustainable cold chain logistics, offering a reusable and recyclable alternative to environmentally damaging expanded polystyrene (EPS).