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Amcor has acquired Canadian container manufacturer Plastic Moulders for $31.7 million.

Amcor says the Toronto-based business has annual sales of about C$35 million (AU$36.9 million) and is at the forefront of new moulding and labelling technology.

The news comes less than a month after Amcor agreed to buy South America-based flexible packaging business Alusa for about AU$570 million.

Also this year, Amcor acquired Deluxe Packages and BPI China, and in 2015 bought Zhongshan Tiancai Packaging Company, Nampak Flexibles and Packaging India Private Limited.

 

Food & Drink Business

Advanced biomanufacturer, Cauldron Ferm, has raised $13.25 million in a Series A2 priced round led by Main Sequence Ventures, with participation from Horizons Ventures, SOSV, and NGS Super.

Global consumer goods business, Unilever, has confirmed it is in discussions with McCormick & Co on the sale of its Food business. Both companies have released statements saying while negotiations are ongoing there is no certainty of a deal.

Australian organisations could gain access to the world’s largest pooled research fund by early 2027, as the federal government begins treaty negotiations on association to Horizon Europe, the European Union’s $155 billion flagship research and innovation funding program.