Wattle Health Enters into Strategic Partnership with Shepparton Partners

May 03, 2020 12:08 AM AEST
Team Kalkine

A well-known high quality infant formula producer, Wattle Health Australia (ASX:WHA) revealed about the agreement terms with Shepparton Partners Collective (SPC) on a strategic relationship. This agreement will see SPC arranging up to $20 million of debt for Wattle Health to complete construction of the Corio Bay Dairy Group spray dryer.

Upon first drawdown of the loan, Shepparton Partners will be issued 30 million fully paid ordinary shares in Wattle Health.

Moreover, this partnership will be in the form of a 50/50 joint venture (JV) with Shepparton Partners that will leverage products, development of new products, marketing as well as distribution capabilities from both companies.

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