MicroSalt secures new orders for low-sodium salt

investing.com 30/10/2024 - 12:49 PM

MicroSalt Announces Bulk Orders

LONDON – MicroSalt plc (AIM: SALT), creators of a low-sodium natural salt, has secured multiple bulk orders, including one from a new B2B client.

One of the largest food, beverage, and snack manufacturers, referred to as Customer C, placed an initial order of approximately 50,000 pounds of MicroSalt® after extensive testing. The product's rollout is planned for November in a leading food item, with annual usage potentially exceeding 200,000 pounds. Additionally, MicroSalt anticipates further orders for usage in a popular cereal and energy bars by early 2025.

Customer B, a long-term partner of Customer C in Mexico, has ordered an extra 63,860 pounds of MicroSalt for delivery in January 2025, with a projected annual total nearing 640,000 pounds.

A new B2B client from one of Canada’s largest spice and ingredient companies has also ordered about 3,000 pounds of MicroSalt for use in lower sodium seasonings.

Rick Guiney, CEO of MicroSalt, expressed excitement over the new substantial order, emphasizing the positive reception and growing traction within the spice and ingredient sector, along with outcomes from the recent SIAL event in Paris.

These developments reflect increasing market interest in healthier seasoning alternatives and highlight MicroSalt's expanding presence in the food industry. This report draws from a press release by MicroSalt plc.

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