Excellent announcement. Five year agrreement. Little wonder they talk about significant barriers to entry - what a lock.
Both HRL and Analytica are party to the strategic alliance agreement, which not only reaffirms the existing relationship but also provides the ability for MilkTestNZ and HRL to potentially explore new opportunities in the future, both in New Zealand and other geographical territories.
Not only do MilkTest NZ test 97% of all NZ dairy farm samples across NZ, they are expanding internationally.
Here's the current geographical footprint from their website. Plnety of scope to grow here:
Global Reputation
MilkTestNZ has expanded its business internationally. Our reputation extends globally. MilkTestNZ is known internationally and received samples from a number of countries – see the world map!
HRL Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
