Halo Foods Awarded Third Coles Contract
Highlights
• Halo has been awarded its third material Coles private label contract
• The forecast sales value is $2.9 million per annum and is across six additional product lines
• The term of the arrangement has not been specified and Halo anticipates the term will be longer than 12 months as is the case with the first two contracts, implying a gross sales value multiples higher than the annual value
• A further three product lines are expected to be added in October 2023 and are in addition to the forecast sale value of $2.9 million per annum
• The first two Coles contracts awarded to Halo in 2021 remain ongoing and are produced on a monthly basis at Halo’s Australian facilities • Product is forecast to be in Coles stores from May 2023
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