PLAY PKN: Video Bulletin 4 April

In the news: Visy, Pro-Pac Packaging, Piazza D'Oro, BioPak, Australasian Bioplastics Association, Ekam Global, Blue Ocean Closures, Boomerang Alliance, Women in Packaging.

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Food & Drink Business

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.

Endeavour Group has used its first investor day since demerging from Woolworths to lay out a three-year transformation plan targeting $300 million in cost savings, a scaled-back dividend payout, and the exit of most of its winery and vineyard portfolio.