Join our daily newsletter At The Bell to receive exclusive market insights
- Nutritional Growth Solutions (NGS) will produce its Healthy Height product in New Zealand after signing an agreement with nutritional development company, NIG Nutritionals
- Healthy Height is a proven supplement to support the growth development in children
- Under the agreement, NIG will manufacture, package, and leverage its network to commercialise Healthy Height in China
- On market close for the day, NGS is in the grey and trading at 22 cents per share
Nutritional Growth Solutions (NGS) will produce its Healthy Height product in New Zealand after an agreement with nutritional development company, NIG Nutritionals.
Healthy Height is a proven supplement to support the growth development in children.
The parties signed a binding memorandum of understanding (MoU) agreement.
Under the agreement, NIG will manufacture, package, and leverage its network to commercialise Healthy Height into China, and possible new markets in the Asia Pacific region.
NIG develops the formulation of colostrum and goat milk consumer products in New Zealand and is well known in China and throughout Asia for its high quality, local dairy supply chain.
“We created this MoU with NIG Nutritionals for three reasons. First, New Zealand is renowned for producing quality dairy that’s used in some of the world’s leading
dairy-based consumer products,” NGS CEO Liron Fendell said.
“Second, there would be significant cost benefits through our supply chain due to New Zealand’s closer proximity to China and other Asia Pacific markets we’re keen to develop. Finally, NIG Nutritionals is a trusted formulation and production partner, which also has a dedicated distribution network within the region,” she added.
NIG CEO Chris Macbeth says the partnership shows the intellectual capability of both businesses.
“The whole world has become more aware of the value of good nutrition over the past two years, not only for building young bodies, but also for assisting people of all ages to maximize their potential,” he said.
“Nutrition is at the heart of our business. It is what we are great at. We are excited to be working with NGS to help it deliver great products to consumers throughout the Asia Pacific region,” he added.
On market close for the day, NGS is in the grey and trading at 22 cents per share.
