Blackmores, Bega to make baby formula range
Vitamin maker, Blackmores, and Bega Cheese have launched an equal share partnership deal to develop and manufacture a range of nutritional foods including infant formula, through Bega’s subsidiary, Tatura.
As part of the joint venture deal, Bega will be the official supplier of the Blackmores and Tatura formulations that will be available by early 2016.
“The partnership brings together the experience of each organisation to develop and product a range of nutritional foods based on an understanding of our consumers in Australia and Asia,” the companies said in a joint statement.
The announcement comes as Blackmores reported a $22.6 million net profit for the quarter, with a 65 per cent rise in sales to $162.2 million fuelled by Chinese demand.