Flow Beverage Corp. and BioSteel Sports Inc. have entered into a three-year manufacturing agreement for the production of BIOSTEEL-branded sport hydration beverages. The agreement, designed to be beneficial to both brands, outlines minimum annual purchase commitments from BioSteel Sports and is estimated to generate over $19 million in revenue for Flow throughout the term. Flow Beverage Corp., in return, will manufacture and package BioSteel Sports beverages in Tetra Prisma® format, with a focus on maintaining supply consistency and supporting increased demand.
The manufacturing agreement with BioSteel Sports Inc. reflects Flow's strategic expansion in co-packing premium beverage brands and its commitment to environmental sustainability. Dan Crosby, Chief Executive Officer of BioSteel Sports, notes that "[the partnership] ensures its retailers will always have a steady supply" and that Biosteel is eager to keep the "momentum going strong in the market."
Beverage Manufacturing Agreements
Flow Beverage Corp. Partners with Biosteel Sports Inc.
Trend Themes
1. Premium Beverage Co-packing - The manufacturing agreement with BioSteel Sports Inc. reflects Flow's strategic expansion in co-packing premium beverage brands and its commitment to environmental sustainability.
2. Supply Consistency and Demand Support - Flow Beverage Corp. will manufacture and package BioSteel Sports beverages in Tetra Prisma® format, with a focus on maintaining supply consistency and supporting increased demand.
3. Strategic Expansion and Revenue Generation - The agreement between Flow Beverage Corp. and BioSteel Sports Inc. is estimated to generate over $19 million in revenue for Flow throughout the term, highlighting Flow's strategic expansion in the beverage manufacturing industry.
Industry Implications
1. Beverage Manufacturing - The manufacturing agreement between Flow Beverage Corp. and BioSteel Sports Inc. reflects trends in the beverage manufacturing industry.
2. Co-packing - Flow's strategic expansion in co-packing premium beverage brands presents an opportunity in the co-packing industry.
3. Sport Hydration Beverages - The manufacturing agreement for BIOSTEEL-branded sport hydration beverages highlights trends in the sport hydration beverages industry.