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YPB Group (ASX:YPB) - CEO, John Houston
CEO, John Houston
Source: Beef Central
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  • Product authentication company YPB Group (YPB) has signed a three-year master services agreement with Phytologic
  • Under the agreement, YPB Group will provide support for four of Phytologic’s natural health and beauty products 
  • YPB’s Connect platform will provide bespoke track-and-trace features, with a launch scheduled for June 2021
  • The agreement stipulates a minimum annual order quantity for Phytologic’s products after the first 12 months
  • YPB Group is in the grey and trading at 0.4 cents per share

Product authentication company YPB Group (YPB) has signed a three-year master services agreement with Phytologic.

Phytologic is a leading Australian manufacturer and distributor of natural health and beauty products. The company’s offerings include premium herbal, vitamin, and mineral supplement products and ‘gut-loving’ probiotics. 

Phytologic operates under the Anthogenol, Henry Blooms and Rochway brand names and is planning the release of a new sports nutrition brand. 

Under the master services agreement, YPB Group will initially provide support for four stock-keeping units (SKUs) under Phytologic’s Anthogenol brand.  YPB’s Connect platform will provide bespoke track-and-trace features, with a launch scheduled for June of 2021. 

The company’s agreement with Phytologic stipulates a minimum annual order quantity for Phytologic’s products after the first 12 months. Further, it specifies future price re-negotiation, depending on the achievement of stretch volume targets.

If the initial implementations on the first four SKUs are successful, YPB Group believes its services could be extended further across Phytologic’s product portfolio. This would include the Henry Blooms product range, which covers over 100 SKUs. 

YPB Group’s CEO, John Houston, expressed the company’s excitement at partnering with Phytologic, which builds on YPB’s strategy of targeting large, high-growth natural health and beauty markets.

“Phytologic will join other prominent YPB customers such as Nature One Dairy and Nature’s Care on YPB’s Connect platform, broadening the company’s footprint,” he said.

“We intend to drive the value of both our businesses through the power of consumer product authentication and close brand engagement,” he added.

YPB Group is in the grey, trading at 0.4 cents per share at 12:45 pm AEDT.

YPB by the numbers
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