Coles (ASX:COL) awards Keytone Dairy (ASX:KTD) private label tender

Coles (ASX:COL) awards Keytone Dairy (ASX:KTD) private label tender

Consumer

ASX:KTD MCAP $62.86M

CEO, Danny RotmanSource: Keytone Dairy

• Keytone Dairy (KTD) has been awarded a significant Coles Private Label Tender by Coles Supermarkets (COL)
• Sales are expected to total $5.2 million per year and while the terms have not been specified, the company believes it will be longer than an initial 12-month period
• Products will be manufactured at Keytone's Melbourne facilities
• Production is set to begin late in the first quarter of 2021 and the product is set to be available in Coles stores from Q2 2021
• Keytone is up 6.12 per cent on the market with shares trading at 26 cents

Keytone Dairy (KTD) has been awarded a significant Coles Private Label Tender by Coles Supermarkets (COL).

The tender process was very competitive and was won as a result of Keytone's thorough health and safety standards and its manufacturing facilities.

Sales are expected to total $5.2 million per year and the products will be manufactured at Keytone's Melbourne facilities.

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