Page 53 - Packaging News magazine November-December 2022

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1AGITO GROUP ENTERS JV WITH HILTON FOOD GROUP
In a move to accelerate its global
expansion, Australian automation and technology solutions company Agito Group entered a joint venture with end- to-end supply chain specialist Hilton Food Group, allowing both companies to broaden their current offerings. Emma Townsend will continue as CEO of the group and has been appointed a direc- tor and board member of the new entity.
2CLOSE THE LOOP MAKES BULK BUY FOR $5.8M
Hot on the heels of its purchase of sea- food packaging operation Oceania Agencies, newly-listed Close the Loop Group (CLG) acquired bulk packaging business Crasti & Co for $5.85m. CEO Joe Foster said the deal was expected to significantly boost CLG’s sales rev- enue and profitability, and delivers on its intent for further business growth.
3PACT INTO THE RED AS CONTRACT MANUFACTURING DRAGS
Pact Group saw
its half-year result
drop $21m into the
red, mainly as the
result of a $65m
write down on non-
cash impairment
of its contract manufacturing divi- sion, which suffered a buffeting over the six months to December, while its packaging and sustainability seg- ment delivered higher earnings, and Asia business showed strong growth. Sales revenue was up by four per cent to $927m from $894m, but this was almost all as a result of Pact passing through higher input costs to cus- tomers, with volumes steady from last year.
Above (L-R): Emma Townsend, AGITO CEO, heads the new JV with Hilton Foods Group; Joe Foster, CEO Close the Loop Group, on the acquisition trail.
Inset left: Pact CEO Sanjay Dayal
Inset above right:
Orora CEO Brian Lowe
Right: Cadbury marks milestone with limited edition packs.
a cross-industry partnership between Pact Group, Cleanaway, Asahi Beverages and Coca-Cola Europacific Partners. The facility will be the sec- ond PET recycling plant to be built by the four-party joint venture. Each facility will be capable of processing the equivalent of around one billion plastic bottles – collected via CDS and kerbside recycling each year.
5ORORA ACHIEVES DOUBLE DIGIT FIRST HALF GROWTH
Orora saw its sales
revenue and its net
profit after tax rise
strongly in the first
half of the finan-
cial year, saying its
glass business had
successfully redeployed all its assets that were previously used for wine bot- tles going to China. Orora said it would invest $110m on extending the capacity on it cans line in Dandenong by 10 per cent, and on increasing its ends capac- ity in Ballarat by 40 per cent.
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NOVEMBER – DECEMBER 2022 ❙ 53
CROSS-INDUSTRY JV BRINGS
$50M RPET FACILITY TO VIC
CADBURY CELEBRATES
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A new PET plastic recycling facil- ity, the largest of its kind in Victoria, and set to drive a significant increase in the state’s recycling capacity, was slated to be built in Altona North by
CENTENNIAL WITH 10-DECADE PACKS Following Cadbury Australia’s initiative to trial recycled packaging for 50 million fam- ily-sized chocolate blocks, the Tasmanian-based com- pany commemorated its centennial this year by releasing 10 special edition Dairy Milk packs, which showcased iconic Aussie moments on-pack. The packs were designed by international strategic
Above: Amcor’s AmFiber paper-based high oxygen barrier packaging portfolio.
Left: PET bottles collected via CDS and kerbside will be recycled at the Altona rPET facility developed by the cross-industry JV.
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