Close×

Omniverse Foster Packaging Group celebrated its recent merger by hosting a special event in Port Melbourne on 23 November.

The evening included a presentation by Brendan Yee and Joe Foster (pictured below, right and left respectively) which highlighted the benefits and capabilities the merger brought Omniverse and Foster Packaging.

0F0A01121

“I truly believe we can make a difference beyond the packaging industry and in people's lives around the world,” Foster told guests.

Joined on stage by co-directors Darren Brits (below, centre) and Regan Foster (second from right), and shareholder Lawrence Jaffe (far right), the team celebrated the launch with colleagues, clients, friends, and family.

0F0A01681

DSC_06181

The widened variety of capabilities for Omniverse Foster includes an extensive R&D facility which will incorporate a test pilot centre to ensure quality and consistency.

Fast turnarounds using digital printing will offer the option of getting products to market quickly using local manufacturing, with further investment into a wider range of equipment to follow.

Omniverse Foster Packaging will offer colour management across flexible and rigid packaging and its international footprint will include partners in the US and Europe, and an office in China.

Food & Drink Business

Cobram Estate Olives (CBO) has formally claimed a purchase price adjustment of up to US$31.9 million on its California Olive Ranch (COR) acquisition and expects to pay no earn-out on the deal, as the Australian producer works through the completion of its largest ever transaction.

Maggie Beer Holdings (MBH) has pushed back the expected timing of its proposed $10 million sale of Hampers and Gifts Australia (HGA), with completion now targeted for February 2027 rather than a binding agreement signed by the end of this month.

RMIT University and End Food Waste Australia have launched the new Food and Beverage SME Packaging and Machinery Solution Centre, to help Australian food and beverage SMEs navigate the complex transition to more sustainable packaging and processing technologies, while protecting product quality and minimising food waste.