August 23, 2019 / 9:43 AM / a month ago

BRIEF-Umida Signs Cooperation Agreements With Two Production Partners

Aug 23 (Reuters) - Umida Group AB:

* SAID ON THURSDAY CONCLUDED COOPERATION AGREEMENTS WITH TWO STRATEGIC PRODUCTION PARTNERS

* AGREEMENTS WITH AB NO 1 BRANDS AND HERRLJUNGA CIDER AB CONCERN PRODUCTION OF CO’S SPIRITS, COOKING RANGE AND PORTFOLIO OF MULLED WINE PRODUCTS

* AGREEMENTS ENTAIL RETAINED GROSS MARGIN PER PRODUCT AS WELL AS A PREVIOUSLY ANNOUNCED ANNUAL COST SAVINGS OF ABOUT SEK 11 MILLION

* NEW PARTNERSHIPS INCLUDE ALL PRODUCTION AND FILLING OF CO’S PRODUCTS

* ALL DISTRIBUTION AND SALES STILL MANAGED BY CO

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Further company coverage: (Gdynia Newsroom)

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