News

The Arnott’s Group has acquired Diver Foods as part of its growth strategy into the cereal and snacks market. In December, it acquired the cereal and snacks business from Freedom Foods for $20 million.

Former director of National Dairy Products Violetta Esposito has been disqualified from managing companies for five years, the Australian Securities & Investments Commission has ruled.

India is fast becoming an export alternative to China. Scotchman’s Hill winery has teamed up with cricketing legend, Dennis Lillee, to launch a new wine label in India and Sri Lanka.

In late 2020, China imposed severe tariffs on Australian wine. Asia Wine Hub founder Jeremy Oliver asks, what now?

Huon Aquaculture Group says challenging market conditions, declining international salmon prices and stock losses will mean its projected earrings for FY2021 will be substantially lower than FY2020.

Baby food brand Funch has launched its Tmall Global store to sell directly to Chinese consumers. Tmall Global is owned by the Alibaba Group and is China’s largest cross-border marketplace.

In 2020, Foodbank obtained almost 49 million kilograms of food and groceries for people in need, an increase of nearly 15 per cent on 2019 and equal to 87.9 million meals.

Happy New Year! Sure, it’s February but the year is still young. This time last year there were rumours of a virus impacting China, but an optimism it would all be sorted out by the end of Chinese New Year. It was a simpler time. We have a cracker of an issue for you to get the year underway.

Sanitarium Health Food Company has joined the Future Food Systems CRC consortium and will work with the UNSW to improve the functional properties of its Barista dairy-free milk range.

Fonterra and science and nutritional specialist Royal DSM are working on reducing on-farm greenhouse gas emissions by reducing methane emissions from cows.

Asahi Beverages has appointed Roland van Bommel as chair of Asahi Holdings Australia (AHA). He joined the board in 2013 and has been acting chair since December, when Peter Margin resigned.

Manufacturing of Weis ice creams will be moved from Toowoomba, Queensland, to its Minto plant in New South Wales. Weis bars have been made in Toowoomba since 1957.

The Perich family will invest up to $200 million in Freedom Foods Group’s recapitalisation plans, after failing to reach an agreement with a new investor. Months of negotiations with the potential party came to naught for the group, with the business announcing today that an agreement on the terms could not be reached.

Bubs Australia has reported a strong quarter-on-quarter turn around in what founder and CEO Kristy Carr said are still challenging market conditions.

Iconic pie business Mrs Mac’s has announced Jonathan Moss as its new CEO. He will join the company on February 1.

D’Orsogna, Huon Aquaculture, Tailor Made Spirits and Australian Truffle Traders are four of the 18 agrifood businesses selected to share $10 million from the Western Australian Government.