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.