Veganz Group has struck a deal with Jindilli Beverages on the German plant-based food company’s Mililk products.
Under the agreement, which covers North America, Australia and New Zealand, Veganz will produce Mililk oat and almond alt-milk drinks at its Ludwigsfelde facility in Germany.
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It will export both one-litre retail packs in Tetra Pak format and five-litre foodservice packs, along with new Mililk Drops, a plant-based creamer alternative.
Some of 95% of Berlin-headquartered Veganz’s 95% sales come from the DACH markets of Germany, Austria and Switzerland.
“A production facility in the USA based on Mililk technology is being planned,” Veganz added.
Just Drinks asked Veganz for further comment.
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By GlobalDataThe news of the deal was announced alongside the publication of Veganz’s 2024 financial results and its outlook for 2025.
Sales in 2024 fell by 34.2% to €10.8m ($12.1m). Veganz attributed the sales decline to portfolio optimisation measures and investment in new production facilities.
The company said the group concentrated on restructuring into a holding company, creating five business units under the brands – Veganz, Mililk, Happy Cheeze, Peas on Earth and Orbifarm.
Veganz recorded a net loss €4.8m for 2024, an improvement from the previous year’s €9.5m.
The company booked an EBITDA loss of €2.4m, compared with the previous year’s loss of €6.3m.
The company projects sales in 2025 to remain at the previous year’s level, with the expansion of a cost-cutting programme expected to keep EBITDA flat with 2024.
Veganz CEO Jan Bredack said: “In a challenging year 2024, we continued to successfully drive forward the reorganisation of Veganz Group and see a further increase in own production sales and an improvement in EBITDA.
“With our five new business units, we are clearly positioned for the future and, assuming financing, will be able to meet the high market demand in 2025.”
