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Sales at Amcor fell by seven per cent in the Q3, but EBIT rose on the basis of what the company says was a strong cost performance, and the benefits of its restructuring initiatives.

Raphael Geminder has given Pact shareholders until 7 June to accept his 84c a share offer, saying that will be his best and final offer, as his long-running attempt to take control of the business comes to a head.

The Australian Institute of Packaging has named its education director, Professor Pierre Pienaar, as its first Lifetime Certified Packaging Professional in Australasia.

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Food & Drink Business

South Australia-based Never Never Distilling Co will join Carlton & United Breweries’ stable, following its acquisition by CUB’s parent company, Asahi Beverages, for an undisclosed sum.

Five years ago, three friends decided to start making gin when there were only 10 local brands in the market. Kim Berry talks to the founders of Never Never Distilling Co on how they are keeping ahead of the pack.

Noumi recorded a positive third quarter, with revenue up 5.6 per cent to $137.5 million on 3Q23. Its Plant-based Milks business rose 12.5 per cent to $42.7 million, while Dairy and Nutritionals rose 2.8 per cent to $94.9 million.