10-Year Partnership with Leading Asian Retailer
SPC Global Holdings Limited (ASX: SPG) has announced its first major international deal since its December 2024 merger and re-listing. The company’s international division, Nature One Dairy (Hong Kong) Limited (NODHK), has secured an exclusive 10-year agreement with Dairy Farm Company Limited (DFI), a leading Asian retailer.
The deal, valued at AU$250 million over the term, will see NODHK supply high-quality dairy products across DFI’s Mannings retail network, Hong Kong’s largest health and beauty chain with over 320 outlets in Hong Kong and Macau.
Key Details
- Revenue Impact: The agreement is expected to generate AU$250 million over its 10-year term.
- Retail Reach: NODHK’s products will be available in Mannings, providing access to a robust customer base across Hong Kong and Macau.
- Product Focus: The partnership will emphasize NODHK’s functional powdered milk division, delivering premium dairy products.
Executive Insights
Nick Dimopoulos, CEO of Nature One Dairy, highlighted the significance of the deal:
“We’re thrilled to partner with a reputable retailer like Mannings. This agreement opens doors to expand our high-quality product offering across an extensive and trusted retail network. We’re excited to grow together in the years ahead.”
Robert Iervasi, Managing Director of SPC Global, noted:
“This partnership reflects the hard work of our senior management team and NODHK’s dedication to delivering premium products globally. It strengthens our foothold in Asia and aligns with SPC Global’s vision of building a global food powerhouse.”
About SPC Global
SPC Global is a leading Australian food and beverage company with a diverse portfolio that includes SPC, The Original Juice Company, Nature One Dairy, and Natural Ingredients. The company employs 800 people and manages a product portfolio of over 1,000 items, combining tradition, innovation, and sustainability to drive long-term growth.
With this landmark partnership, SPC Global continues its mission of expanding into key international markets, establishing itself as a major player in the global food and beverage industry.
