Oceanfresh partners with Costco (0637B)
April 11 2012 - 2:00AM
UK Regulatory
TIDMLONR
RNS Number : 0637B
Lonrho PLC
11 April 2012
11 April 2012
Lonrho Plc ("Lonrho")
Lonrho's Oceanfresh partners with Costco in the USA to supply
'Kirkland Signature' branded Hake Loins to Costco stores
worldwide
Lonrho is pleased to announce that its Oceanfresh Seafood
Division has entered in to a partnership with Costco Wholesale to
supply Costco Wholesale's premium 'Kirkland Signature' brand for
its sustainably sourced wild caught Hake Loins.
The first shipments are en route to the United States and the
product will soon become available through Costco Wholesale stores
in the United States, with planned roll-outs to Canada and Mexico
in 2012 and other Costco territories at a later stage. Lonrho has
been supplying Hake fillets to Costco under its Oceanfresh brand
and has seen growing customer demand for the product.
Costco is one of the world's largest retailers with FY11
revenues of US$88.9 billion with 600 warehouses in eight
countries.
Lonrho's Executive Chairman, David Lenigas, commented:
"Lonrho's Oceanfresh seafood division has been supplying Hake
fillets to Costco and is honoured to have now entered into a
partnership with Costco Wholesale to supply Hake Loins for Costco's
prestigious 'Kirkland Signature' brand. This contract reflects the
increasing customer demand for a high quality, wild caught and
sustainably sourced product and will be fulfilled through the
supply chain infrastructure which we already have in place."
Lonrho is listed on the main market of the London Stock Exchange
(LONR), the AltX market on the Johannesburg Stock Exchange (LAF)
and the OTCQX market in the U.S. (LOHOY).
Enquiries:
Lonrho Plc (London) +44 (0) 20 7016 5105
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David Lenigas
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Geoffrey White
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David Armstrong
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Panmure Gordon (London) +44 (0) 20 7459 3600
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Tim Linacre
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Dominic Morley
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Adam Pollock
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Hannah Woodley
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Merriman Capital, Inc. (San Francisco - USA) +1 (0) 415 262 1342
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Spencer Grimes
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FTI Consulting (London) +44 (0) 20 7831 3113
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Edward Westropp
Georgina Bonham
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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