Tasmanian-based production company TasFoods (ASX:TFL) has signed an agreement to partner with The Udder Way to sell and distribute milk within Tasmania, Australia.
The company says this partnership has been signed in accordance with its strategic reset, and will help to solidify its ‘Fortress Tasmania’ pillar of growth as it maintains its focus on its ‘home-grown’ advantage.
TasFoods notes that it plans to leverage its ‘excellent’ customer relationships, strong logistics network, and improved capability in order to bring this Tasmanian innovation to more customers and consumers.
“Our mission is to eliminate single use plastics globally and this partnership with TasFoods is the next phase of helping us achieve this goal”
Speaking on the partnership, TasFoods Chief Executive Officer Scott Hadley said: “We are extremely proud to be partnering with The Udder Way. Leveraging our outstanding customer relationships and inherent distribution strength we can help grow the usage of this innovative system to ensure our customers operate more efficiently and have a positive impact on the planet. We have received strong feedback from our customers that they welcome our partnership with The Udder Way and we look forward to accelerated growth in the usage of this system in the years ahead.”
The Udder Way Founder and Managing Director Ed Crick added: “Our mission is to eliminate single use plastics globally and this partnership with TasFoods is the next phase of helping us achieve this goal. As Tasmanians, we are excited to be partnering with another Tasmanian based business and their iconic brands, Betta Milk and Pyengana Dairy. We look forward to many years of sustained success with our new found partnership.”
In addition, as of 2:30pm TasFoods’ share price had increased by 20.68%.
TasFoods is an ASX-listed company established in 2015 to represent Tasmanian brands that harness the island state’s natural advantages for producing food and beverage products that meet evolving consumer needs. It is the company’s belief that Tasmania’s clean air, rich soils, and reliable rainfall is the perfect place to produce ‘high quality’ innovative products that meet the consumer needs for local, convenient, sustainably produced, and indulgent foods.