PLAY PKN: Video Bulletin 1 December

In the news: APCO, AIP, ACCC, MOO, Wellman Packaging, Mars, MasterFoods, Crafted Design, Tetra Pak, saveBOARD, CDS, ACOR, Boomerang Alliance, WMMR, Detmold, Tindo Solar.

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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.