PLAY PKN: Video News Bulletin 24 Jan

PLAY PKN, the weekly video bulletin of the top stories making the news.

This week featuring Nestle, Pact Group, Astron, Bushfire updates, CUB Cascade Breweries, Tetra Pak, Canopy, China ban on single-use plastics...

Food & Drink Business

Fonterra Co-operative Group has completed the sale of Mainland Group to French dairy giant Lactalis, closing a divestment process that began in mid-2024 when the co-op announced a strategic shift to become a pure-play global B2B dairy provider.

A potential combination of the world’s second and fifth largest spirits companies would create a $43.6 billion (US$30 billion) global player, second only to Diageo.

Tongala Nutrition has received a $1.5 million government grant through the new $150 million Victorian Investment Fund. The funding will support the company’s expansion, creating more than 40 new jobs in the region.