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Be the first with the news that moves the market- Bubs Australia (BUB) expands its US footprint by signing major supply agreements with American grocery store giants Kroger and Albertsons
- Together, the companies have purchased Bub’s first entire chartered 747-400F air cargo flight operated under the US Government’s ‘Fourth Operation Fly Formula Mission’
- The new partners will expedite the incoming infant formula to stores, with products expected to hit retail stores on June 20
- Today’s deals will see Bubs’ expand infant formula and toddler products ranged in more than 4000 stores across 35 states
- Shares in Bubs are up 2.86 per cent to 61 cents at 10:37 am AEST.
Bubs Australia (BUB) has expanded its US footprint by signing major supply agreements with American grocery store giants Kroger and Albertsons.
Together, Kroger and Albertsons have purchased Bub’s first entire chartered 747-400F air cargo flight operated under the US Government’s ‘Fourth Operation Fly Formula Mission’.
The new partners will expedite the incoming infant formula to stores, with products expected to hit retail stores on June 20.
Bubs Founder and CEO Kristy Carr called the supply agreements a ‘milestone achievement’ for the company.
“We have been working around the clock to ensure we get these critical supplies of infant formula to retail shelves in the USA,” Ms Carr said.
“This significant expansion of our retail footprint to over 4000 stores across 35 States is a truly exciting development.
“Bubs will be the only Australian made infant formula available for sale in the USA.”
Mrs Carr also confirmed that the company would continue to fulfil Australian retailers and export markets with their orders, and it had not experienced any significant volatility or disruption to supply or demand in other markets as a result of the US infant formula shortage.
“We are looking forward to working with Kroger and Albertsons to ensure Bubs products reach American families most in need as soon as possible,” she said.
Shares in Bubs were up 2.86 per cent to 61 cents at 10:37 am AEST.
