SPC Global has secured a new deal with a large Asian retailer for the supply of dairy products.
SPC announced the deal with the Dairy Farm Company, trading as Mannings, on Monday, January 13.
The agreement was secured through SPC’s new dairy division, Nature One Dairy, and SPC calculates it is expected to generate $250 million in revenue over the 10-year life of the deal.
Mannings has hundreds of outlets in China’s special administrative regions of Hong Kong and Macau.
The Asian DFI company operates about 11,000 outlets and employs 200,000 people. It had a total revenue in 2023 exceeding $26 billion.