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Nutritional Growth Solutions (ASX:NGS) expands US grocery presence

ASX News, Consumer
ASX:NGS      MCAP $1.005M
14 June 2022 09:44 (AEST)

Source: Nutritional Growth Solutions

Nutritional Growth Solutions (NGS) has expanded its grocery presence in the United States by securing an ecommerce distribution agreement with the largest supermarket chain by revenue in the US, Kroger Co.

The non-exclusive deal will see NGS’s entire Healthy Heights product range stocked on Kroger’s ecommerce channel, Kroger.com, along with the ecommerce channels of Kroger Co’s subsidiaries, Ralphs and Smith’s Drug and Food.

Nutritional Growth Solutions CEO and Managing Director, Liron Fendell said this new deal builds on the recent ranging, which was stocked on the ecommerce channel of Walmart and Rangeme.com.

“To add companies of this calibre to our trusted list of distribution channels is a testament to our Healthy Heights products that have been created by specialist doctors after decades of research into the link between child nutrition and growth, and are clinically proven to support growth development,” Liron Fendell said.

“The launch of our products on Kroger.com also comes at a time when millions of parents in the US are seeking healthy, safe, label certified nutrition for their children.”

The CEO went on to say the company is proud to offer these products from its manufacturing facility in Utah during a time where safety over children’s formula products continues to be a growing concern.

The agreement will commence immediately, with no prior conditions to be met.

Nutritional Growth Solutions shares fell 3.6 per cent, to trade at 13.5 cents at 2:20 pm AEST.

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