Keytone Dairy buys contract manufacturer Omniblend

New Zealand-based but Australian-listed dairy manufacturer, Keytone Dairy (ASX: KTD) has agreed to buy Byron Bay contract dairy manufacturer, Omniblend for a minimum of $22.6 million. In a deal which could be worth an additional $30 million to Omniblend should the business reach agreed milestones, Keytone will increase its production capacity by more than 5,000…

LG Chem joins Envirostream to recycle batteries

Leading Korean lithium-ion battery manufacturer LG Chem has joined with Victorian company Envirostream Australia to develop safe and innovative recycling solutions to reduce battery waste. Describing Envirostream as “one of the pioneering recycle-luminaries”, LG Chem said in a statement the partnership would develop solutions to increase battery recycling rates, which “is an increasing threat to…

XTEK and Skykraft to develop spacecraft components and systems

Canberra and Adelaide defence equipment supplier XTEK (ASX: XTEK) has entered into an agreement with Skykraft Pty Ltd to jointly engineer and manufacture components and small spacecraft and space launcher systems. XTEK, manufactures Unmanned Aerial Systems (UAS), tactical weapons such as sniper rifles, protection equipment, and explosive ordinance disposal (EOD) robots, while Skykraft is a…