The A2 Milk Company has achieved national distribution in the US, signing deals with Kroger and Albertsons/Safeway. The deal will bring The A2 Milk Company’s total distribution in the US to 80 major retailers with a total of 12,400 outlets.
The news comes as the dairy company announced significant growth for the last six months of 2018 with the company’s net profit rising to an impressive $152.7 million, taking the A2 Milk Company’s total market value to $10.24 billion.
As a result of its impressive and rapid growth, Fonterra has announced that it is looking for farms to supply milk to the A2 Milk Company for the 2019/2020 season. “It clearly shows the strength of our strategic relationship, and our shared commitment to fast-track market growth and enable farmers to create additional value from their milk,” said Mike Cronin, Fonterra managing director of co-operative affairs.
Fonterra has said that it estimates that 100 farms will be needed for the next season.
