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The NZ$307 million sale of the Pŋkeno facility to Abbott is complete, delivering a material debt reduction for the Canterbury dairy processor – but significant refinancing pressures remain as the company pursues its Stabilise, Simplify, Scale recovery plan.
Pure Foods Tasmania has entered a binding agreement to acquire the assets of Brilliant Food Australia, a premium seafood brand. The $300,000 deal adds the brand to the Woodbridge Smokehouse stable and lifts PFT’s revenue base by approximately 24 per cent.
The federal government has decided to defer the phased transition to full cost recovery for export regulatory services for one year, established a new Fertiliser Supply Working Group, and brought forward $6.15 billion in concessional capital to support Australian businesses affected by global disruptions.
