News

Accolade wines has acquired Rolf Binder Wines as it shores up its Barossa and South Australian wine region portfolio. It follows the purchase of Katnook Estate in May 2020.

Fonterra Co-operative Group’s 1H FY21 results show a positive first half, with CEO Miles Hurrell saying the company was pleased with its Reported Profit After Tax of NZ$391 million.

Asahi Beverages will buy malting barley direct from Australian barley growers in a major change to its supply chain operations, it says. The company buys more than 70,000 tonnes of barley a year.

The Fight Food Waste CRC has appointed Francesca Goodman-Smith to Transform program leader to drive growth in transforming food waste into higher value products.

With the sale of plant-based proteins increasing by 46 per cent in FY20, the economic opportunities of the plant-based market remain largely untapped, the latest report from alternative protein think tank Food Frontier says.

The federal government will extend the International Freight Assistance Mechanism and the SME Loan Guarantee Scheme as part of a new $1.2 billion support package.

Paragon Wine Estates, part of Endeavour Group, has acquired Oakridge Wines as the group looks to bolster its portfolio before the demerger later this year.

Cape Byron Distillery is getting ready to release its first whisky. The distillery has established a name for itself with its Brookie Gin and macadamia liqueur Mac.

The federal government has announced a $30 million Commercialisation Fund to help new manufacturing products and processes become a reality.

Treasury Wine Estates has sold four US brands to The Wine Group for $100 million as it focuses on its premium wine business in the US.

Mondelēz International has acquired Australian premium cracker manufacturer Gourmet Food Holdings. The global FMCG giant said it gives the company an entry into a whole new snacking market in the health and wellness space.

Round 2 of the Boosting Female Founders Initiative is now open. The program offers co-contributor grants up to $400,000 for start-ups that are majority owned and led by women.

The Federal Court of Australia has rejected legal proceedings brought by Freedom Foods Group against Blue Diamond Growers and ruled the remaining proceedings must head to arbitration in the US.

Award-winning gin outfit Four Pillars has installed a 65.88kW solar system on the roof of its Healesville distillery. It is expected to save the business $12,800 a year

The federal government has announced a $1.2 billion funding boost to its wage subsidy scheme, extending the program for another 12 months.

Murray River Organics has appointed Birol Akdogan as its new managing director and CEO, following Valentina Tripp’s resignation in January. Akdogan has been acting CEO since Tripp’s departure.