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There's never a dull moment in the dynamic Australasian packaging industry, with M&A activity, leadership changes, and product innovation keeping our news desk busy all year long.

From Orora's booming growth over the financial year, to the Australian Government's pledge to make all packaging in the country reusable, compostable or recyclable by 2025, to needles in strawberries and plastic bags out of supermarkets, to the first ever Print21 + PKN LIVE joint event, 2018 was a rollercoaster of a year for the packaging industry... and PKN was there to cover all the news highlights.

See our review of the year that was in the latest issue of PKN magazine.

Food & Drink Business

In a FY26 trading update, Bubs Australia forecasts revenue of $105–115 million but warns that reported EBITDA could land anywhere from –$2 million to +$2 million.

International Flavors & Fragrances Inc. (IFF) has entered into an agreement to sell its Food Ingredients business to funds advised by global private markets manager, CVC Capital Partners, in a transaction that values the business at approximately $6 billion (US$4.3 billion).

Australian Vintage has secured a $128 million debt refinancing through to March 2028, with an option to extend a further year to 2029, as the McGuigan wines owner reports a significant second-half cash turnaround and upgraded sales momentum heading into FY27.