Tekcapital’s MicroSalt has secured two new commercial partnerships with Healthy Options and S&R Membership Shopping. Both companies are based in the Philippines, and the deal signifies MicroSalt’s first major deal with Asian-based distributors.
Today’s partnerships build on a series of commercial agreements inked by MicroSalt over the past year. MicroSalt products are already stocked in thousands of US stores including major outlets such as Kroger and are available on Amazon.
“We are proud of our partnership with both organizations and to be able to expand our low sodium premium line of crisps to the Philippine marketplace,” said Rick Guiney, CEO of MicroSalt®.
"Excess sodium consumption is one of the leading contributors to hypertension, and partnerships like this are the best way to provide consumers, regardless of their location, with great tasting products with less sodium."
— Tekcapital Plc (@tekcapital) July 31, 2023
– Rick Guiney, CEO of MicroSalt®
“Excess sodium consumption is one of the leading contributors to hypertension, and partnerships like this are the best way to provide consumers, regardless of their location, with great tasting products with less sodium.”
Healthy Options has 33 brick and mortar stores and a successful online business while S&R Membership Shopping is a membership-based store chain with 22 wholesale warehouse branches and 51 quick-serve restaurants.
Tekcapital said MicroSalt had received ‘sizeable’ first orders and encouraging expressions of interest for further orders. Earlier this year, CEO Dr Clifford Gross said in an investor presentation at a UK Investor Magazine Virtual Conference that commercial details such as specific order sizes and revenue figures would be included in the MicroSalt IPO prospectus when it is made available.
MicroSalt appointed Zeus Capital as their NOMAD for an AIM listing in late 2022.