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Keytone Dairy (ASX:KTD) breaks into new market

Consumer
ASX:KTD
18 November 2020 15:45 (AEST)

Dairy, health and wellness product producer Keytone Dairy (KTD) has expanded its footprint into Malaysia and established new distribution channels in Australia.

The company’s Tonik Plant product have been stocked at 20 Village Grocer outlets in Malaysia.

In Australia, Keytone products will soon be ranged by Caltex/Ampol, United Petroleum, and Freedom Fuels nationally.

On The Run has also confirmed its intension to stock Super Cubes and Gran’s Fudge at its petrol and convenience stores in South Australia.

In the last two weeks, Tonik Plant and Pro products have also hit shelves in over 400 Coles and Coles Local stores.

CEO Danny Rotman said the company expects sales will gather momentum over the next next year.

“The cut through and critical mass across multiple distribution channels, including grocery, independent grocery, petrol and convenience and gym channels is being achieved and the company expects sales to continue to gather momentum and scale over the next 12-plus months,” the CEO stated.

“A tremendous amount has been achieved in a small period of time for the proprietary product suite and the company will continue to build out our range of branded products, working with key retailers, distributors and growing our footprint both in local markets and internationally,” he continued.

Shares have been trading flat for 21.5 cents at 3:43 pm AEDT.

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