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- Halo Food Co (HLF) is awarded an extended contract from Coles Supermarkets, part of the Coles Group (COL)
- The exclusive contract extension is worth approximately $9.5 million for two years, effective from July 1
- The value of this contract actually depends on end consumer demand for the range and is in addition to the $3.3 million per annum contract secured with Coles in November 2021
- The products will be manufactured at Halo’s Australian facilities and includes multiple powdered SKUs in various pack formats, flavours and sizes
- Shares in Halo Food Co are down 3.51 per cent, trading at 5.5 cents as of 1:14 pm AEST
Halo Food Co (HLF) has been awarded an extension of a contract from Coles Supermarkets, part of the Coles Group (COL).
The exclusive contract extension is worth approximately $9.5 million for two years, effective July 1.
The value of this contract could ultimately be higher or lower depending on end consumer demand for the range and is in addition to the $3.3 million per annum Coles contract secured by Halo in November 2021.
Halo CEO Danny Rotman said the win ratifies the company’s strong relationship it has built with Coles over the last couple of years.
“Halo has delivered throughout the initial term and cemented our reputation and credentials as a leading manufacturer for quality, consistency and on time delivery.
“Halo continues to maintain its high-profile clients in a competitive environment while
simultaneously growing the sales pipeline with new wins, new clients and increased volume of orders.”
The products will be manufactured at Halo’s Australian facilities and includes multiple powdered SKUs in various pack formats, flavours and sizes.
The company had reached a high for its Australian operations over March, recording sales of $5.3 million and more than $7.1 million consolidated.
Shares in Halo Food Co were down 3.51 per cent, trading at 5.5 cents as of 1:14 pm AEST.
