Borealis Foods to exclusively produce a leading global Ramen brand for Major Multinational Food Company in its US factory
Rhea-AI Summary
Borealis Foods (NASDAQ: BRLS) has announced a partnership to exclusively produce a leading global ramen brand at its Palmetto Gourmet Foods facility in South Carolina. The agreement, signed with one of the world's largest food and beverage companies, will significantly expand production at the facility. Six new SKUs will be launched nationally in Q1 2025. The partnership involves a ramen brand that is reportedly enjoyed by over a billion people globally.
Positive
- Production expansion through partnership with major global food company
- Secured exclusive manufacturing rights for a globally recognized ramen brand
- National launch of six new SKUs planned for Q1 2025
Negative
- None.
News Market Reaction – BRLS
On the day this news was published, BRLS gained 0.15%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Borealis Foods' wholly-owned consumer packaged goods company, Palmetto Gourmet
Foods, takes on production of exclusive line of ramen noodles for a food conglomerate.
This agreement, signed with one of the world's largest and most diversified food and beverage companies, will add one of the leading global brands of ramen to Borealis Foods' growing portfolio, formulated and produced by Palmetto Gourmet Foods in
"We are proud and excited about this partnership, bringing a leading global ramen brand enjoyed by over a billion people globally to the US market" said Reza Soltanzadeh, Founder and CEO of Borealis Foods. "Our mission has always been to create healthy, delicious food options, and this collaboration allows us to reach new markets with our innovative,
Six new SKUs will be launched nationally in Q1, 2025.
About Borealis Foods:
Borealis Foods (NASDAQ: BRLS) is a pioneering, integrated food manufacturing company with a mission to disrupt and elevate the ready-to-eat meal and dry soup categories by offering premium and super-premium, nutritious products. Known for popular ramen noodle brands like the high protein Chef Woo, Ramen Express, and Woodles, Borealis Foods brings innovative fusion flavors from diverse culinary traditions, creating delicious and nutritious meal options for consumers. With
An essential aspect of Borealis Foods' success is its strategic partnerships with prominent national and international food producers, retailers, and distributors. Serving as an innovation partner to global food leaders, Borealis Foods leverages these collaborations to expand its offerings, enhance technological capabilities, and deliver food products that embody its values of healthy nutrition and innovation.
For more information on Borealis Foods, please visit https://borealisfoods.com.
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SOURCE Borealis Foods, Inc.
FAQ
When will Borealis Foods (BRLS) launch the new ramen products?
Where will Borealis Foods (BRLS) manufacture the new ramen products?
How many new SKUs will Borealis Foods (BRLS) launch under this partnership?
