Distribution and supply agreement for `Nutrilett`
Nutri Pharma ASA has today signed a distribution and supply agreement with Delpharmea Nutraceuticals AS in the Czech Republic.
Nutri Pharma ASA has today signed a distribution and supply agreement with Delpharmea Nutraceuticals AS in the Czech Republic. The agreement gives Delpharmea exclusive rights, based on minimum sales, to sell Nutri Pharma`s weight management products (`Nutrilett`) in pharmacies and supermarkets in the Czech Republic. During 2010 Delpharmea also has an option to distribute the products in certain additional Central and Eastern European countries. The products will be launched during Q1 2009.
Information regading Delpharmea Nutraceuticals:
Delpharmea Nutraceuticals, established in 1995, is currently the second largest food supplements company with distribution in the Czech and Slovak Republics and has been the fastest growing company in this segment over the past 4 years. Delpharmea Nutraceuticals employs over 60 full-time employees.
Their product portfolio consists of dieting and weight loss supplements, joint nutrition,
multivitamins and vitamins for adults and children,probiotics, omega-oils, hair loss, skin care, and other specialist products. Delpharmea have a 45% market share in the dieting category (IMS 7/2008), with leadership in the multivitamin and joint nutrition categories.
Their full product portfolio can be viewed at:http://www.delpharmea.cz/en/products.php
Delpharmea Nutraceuticals expansion strategy consists of ambitious plans to enter into 7
countries in Central and Eastern Europe between 2009 and 2012.
Paul de Leeuw of Delpharmea says of this new agreement :
Our new partnership with NutriPharma ASA presents many exciting opportunities for Delpharmea Nutraceuticals and will play an important role in our expansion plans.
With their proprietary science, product compositions, and research to support our product claims, efficacy, and communication, we aim to open up a new category of diets in the Czech and Slovak markets.
We intend to make this partnership a priority in our expansion plans into other countries through both new product developments and brand improvements. With the experience and knowhow of the NutriPharma management and research teams, we can continue to develop our brands further to meet the continual and changing needs of our consumers, market by market.`
FOR FURTHER INFORMATION:
Trond Syvertsen, CEO +47 23 01 09 60 / + 47 91 72 14 57
Lars Helmer Enger, CFO +47 23 01 09 60 / + 47 90 84 37 71
For information about Nutri Pharma, Nutri Pharma products, Nutri Pharma management and Nutri Pharma financial performance,
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