The newly merged Close The Loop has acquired Queensland-based seafood packaging operation Oceania Agencies, to boost its offering to the aquaculture market.

O F Packaging, now part of the Close The Loop Group, is already a major player in seafood packaging, here and in overseas markets, and says the Oceania acquisition will bring complementary solutions to the business.

Joe Foster, CEO of Close the Loop, said, “We will continue to run Oceania Agencies as a stand-alone business under its own brand, and will leverage the capabilities of both companies into each other.”

O F Packaging has a large customer base of seafood producers around the world, with a major manufacturing site in South Africa under its Foster International brand.

Foster said, “We have a lot of seafood customers, and expect the market to grow. Oceania has some different products to us. It is a market we know well.”

Based just outside Noosa in Queensland, Oceania Agencies will remain in its current location, with its current staff, apart from the owners, who are now retiring.

Foster said, “Retaining the brand will keep it focused.”

Food & Drink Business

Meat & Livestock Australia has opened applications for its next round of the ambassadors for its Red Meat Industry program. The project is designed for producers and support role workers.

Rabobank has appointed Stefan Vogel as the general manager of RaboResearch, the Australian and New Zealand arm of its global food and agribusiness research division.

Preparations for the southern hemisphere’s leading processing and packaging trade event AUSPACK are well underway, with the expo being held in Melbourne from 17-20 May.