- WA seafood business Catalano Seafood (CSF) signs three supply agreements with its first Victorian retailers
- The agreements are with Reddrop Group, Lorenz Group IGA stores and Ryan’s IGA Supermarket Group, initially consisting of seven stores in suburban Melbourne and regional Victoria
- While the deal with Reddrop initially involves a single store in Mansfield, Catalano says there is the opportunity to secure supply agreements with the group’s 22 stores
- CEO Nick Catalano says the agreements were an important step in the company’s national expansion plans
- CSF shares are down 2.70 per cent to trade at 18 cents at market close
WA seafood business Catalano Seafood (CSF) has signed three supply agreements with its first Victorian retailers.
The agreements include Reddrop Group, Lorenz Group IGA stores and Ryan’s IGA Supermarket Group – initially consisting of seven stores in suburban Melbourne and regional Victoria.
While the deal with Reddrop initially involves a single store in Mansfield, Catalano said there is the opportunity to secure supply agreements with the group’s 22 stores.
Notably, Reddrop is Victoria’s second-largest independent supermarket operator.
CEO Nick Catalano said the agreements were an important step in the company’s national expansion plans.
“We are very pleased to have secured these agreements with three well respected, independent supermarket operators,” he said.
“These operators align perfectly with the Catalano’s brand and holistic supply solutions, which are focused on providing high-quality Australian seafood to discerning consumers around the country.”
Additionally, Catalano has also continued to expand in WA after signing another agreement for its seafood management system with independent retailer SUPA IGA Waterford.
This is the second WA store to feature the unique system after it was rolled out at Winthrop Gardens IGA earlier this year.
On the market this afternoon, CSF shares were down 2.70 per cent to trade at 18 cents at market close.