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Federal ministers yesterday convened an urgent industry roundtable on plastics supply chain pressures, placing packaging reform and domestic recycling capability firmly at the centre of discussions around Australia’s food security and manufacturing resilience.

The Australian Beverages Council has renewed calls for urgent national packaging reform, saying global supply disruptions highlight the need for stronger domestic recycling and harmonised EPR.

Close the Loop has sold its US-based ISP Tek Services business for US$10m, as part of a broader strategic reset aimed at sharpening focus on its core packaging and resource recovery operations.

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Food & Drink Business

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.

The winners of the 2026 International Wine Challenge (IWC) have been selected, with Australia performing incredibly well. Beresford Estate and Penfolds were singled out, receiving the top International Trophy in the Syrah and Cabernet Sauvignon categories respectively.