PLAY PKN: Video News Bulletin 24 April

In the news this week: Eco-packaging from Dineamic in Coles; Procter & Gamble, Unilever ANZ, McKinsey: packaging in a pandemic, ProPak Asia, APPMA

Food & Drink Business

Last week’s Ambitious Australia report is exactly the kind of signal our nation needs. The federal government, industry and innovation minister, Tim Ayres, and everyone who has contributed to this work have put forward a clear and positive vision. It speaks to a more coordinated, better funded, and more purposeful innovation system.

Advanced biomanufacturer, Cauldron Ferm, has raised $19 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.