New contract for Australian Dairy Farms Group | Finance News Network

New contract for Australian Dairy Farms Group

Company News

by Rachael Jones

Australian Dairy Farms Group (ASX:AHF) subsidiary Camperdown Dairy Company has signed what they say is a significant new contract processing agreement with an international food company.

2018 - 2019 volumes are expected to exceed Camperdown’s current production capacity for this product segment.

The new material multiyear contract is expected to exceed $30 million sales in the first 4 years of production.

Production is due to commence in early July 2018.

The international speciality dairy manufacturer and brand owner cannot be named because of non disclosure agreements in place in relation to the marketing launch of the products.

The products will be new to the Australian market and are scheduled to be launched in here during July/August 2018 through a major retail supermarket chain.

Shares in Australian Dairy Farms Group (ASX:AHF) closed up on Tuesday, 25.6 per cent to 24 cents. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.