Veg of Lund signs distribution agreement with Synergy Trading Corporation for the Japanese market
Veg of Lund has entered into a distribution agreement to commence sales in the Japanese market. First trial order has been shipped from Europe and on shelves sales will commence with confirmed retail partners by the end of Q3.
“Japan is not only a sizeable market but also a market to which other Asian countries look for direction from. Look forward to working with Synergy Trading on making DUG Potato drink a commercial success and continue other Asian discussions with a stamp of approval from the Japanese market,” says Fredrik Carling, CEO of Veg of Lund.
Synergy Trading Corporation import and sell products from various parts of the world, including Europe. With a large portfolio of products, not only food, but they have also established relationships throughout Japan across supermarkets, departments stores and e-commerce.
“We are pleased to be the first to introduce DUG Potato drink in the Japanese market. We look forward to launching this year and build a long-term relationship with Veg of Lund,” says Synergy Trading.
For more information, please contact:
Veg of Lund AB
Fredrik Carling, CEO
Telephone: +46 703 121 942
E-mail: [email protected]
About Veg of Lund AB (publ)
Veg of Lund AB (publ) develops, markets and sells plant-based foods that meet consumer demands for taste and sustainability. Veg of Lund has its roots in research at Lund University and the company’s business concept is to use its knowledge, patented methods and innovative solutions to develop and sell tasty, climate-smart and locally produced products based on potatoes. Veg of Lund offers alternatives to dairy products (milk drinks) and snacks (smoothies) and also develops meat alternatives. The company’s products are sold under the DUG brand to consumers, restaurants and food companies in Sweden, Switzerland, Denmark, England and Ireland. The company has the ambition to expand mainly in Europe and Asia. The share is listed on Nasdaq First North and trades under the name VOLAB. Read more at ir.vegoflund.se. Mangold Fondkommission AB is the company’s Certified Adviser and can be contacted by phone: +46 8 5030 15 50 or e-mail: [email protected].