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- Halo Food Co (HLF) has been awarded a private label tender by Coles Supermarkets
- The new contract comes with a $3.3 million sales forecast per annum, and marks the second Coles contract the company has been granted in under a year
- The company says the contract win caps off a big week for the company, following its name change and rebranding, as well as a US$40 million (A$54.8 million) partnership with Theland China
- Production is expected to start during the first quarter of 2022, with product in stores from the second quarter
- Halo Food Co is up 7.41 per cent to $0.14 per share at 10:50 am AEDT
Halo Food Co (HLF) has been awarded a private label tender by Coles Supermarkets.
The new contract comes with a $3.3 million sales forecast per year.
Halo is an Australian and New Zealand product manufacturer in the health and wellness sector, producing dry powder, ready to drink UHT and protein health bars.
The products are set to be manufactured at Halo’s Australian facilities, with the tender including multiple pack formats, flavours, and sizes.
This is the second Coles contract the company has been granted in under a year, with the first still ongoing.
Halo’s CEO Danny Rotman said this marks another great win for the business from Coles.
“We are delighted to continue to partner with Coles on a growing number of products in their private label range building further on our track record of delivery from the initial and concurrent contract,” he said.
“Halo will continue to work on further new product development and increase the value and scope the company offers to Coles and all clients.”
The company said the contract win caps off a big week for the company, following its name change and rebranding, as well as the US$40 million (around A$54.8 million) partnership with Theland China.
Production is expected to start during the first quarter of 2022, with product in stores from the second quarter.
Halo Food Co is up 7.41 per cent to $0.14 per share at 10:50 am AEDT.
