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