- Health and wellness product manufacturer Halo Food Co (HLF) signs a milk powder manufacturing and supply agreement with New Zealand national grocer, Foodstuffs
- The agreement represents a two-year renewal from the initial agreement signed in 2020 and is valued at at NZ$9.4 million (AU$8.57 million)
- Halo will manufacture and supply whole and skim milk powder across multiple Foodstuffs products and brands to be distributed across Foodstuffs New Zealand retail outlets
- HLF shares were up 1.49 per cent at 6.8 cents
Halo Food Co (HLF) has renewed its milk powder manufacturing and supply agreement with New Zealand national grocer, Foodstuffs.
The agreement represents a two-year renewal from the initial agreement signed in 2020 and is valued at at NZ$9.4 million (AU$8.57 million), a NZ$2.3 million increase from 2020.
Under the renewed agreement, Halo will manufacture and supply whole and skim milk powder across multiple Foodstuffs products and brands to be distributed across Foodstuffs New Zealand retail outlets.
The products will be manufactured in Halo’s New Zealand facilities.
“This material contract renewal with Foodstuffs … highlights the exemplary credentials of Halo’s New Zealand business,” said Halo Food CEO Danny Rotman.
“Halo has consistently delivered to the highest standard over the initial two-year term and has successfully renewed the agreement for a further two-year term.
“Halo will continue to service Foodstuffs with a view to strengthening the partnership between the two companies through further private label and branded product opportunities.”
Based in Sydney and Melbourne and Christchurch, in New Zealand, Halo Food Co is a leading product developer and manufacturer in the health and wellness sector, with products including dry milk powder, ready to drink UHT and protein bars.
Its shares were up 1.49 per cent at 6.8 cents as of 10:59 am AEST.