Neptune Wellness is partnering with consumer packaged goods giant Unilever as an import and stocking distributor and logistics partner in the U.S. and Canada.
The Laval, Quebec-based extraction company and product manufacturer of health and wellness products will provide Unilever’s selling partners with products in its warehouse system in the U.S. and Canada to support the growth of the hygiene category, The Fly originally reported.
The partnership could generate sales revenue of $65 million to $137 million over the next 18 months, based on projections from Neptune and Unilever, according to a Neptune company statement.
Neptune expects to receive the first shipments of products into its inventory by the end of October. The distribution agreement does not require any minimum annual purchase commitments.
Neptune CEO and President Michael Cammarata said the agreement with Unilever is part of a trend among consumer packaged goods companies that are partnering with companies to scale demand. Neptune already works with retailers including Costco and The Home Depot, along with other large companies, he said.
“This is the latest in a growing list of partners, including national retailers in the club store channel, International Flavors & Fragrances, and others,” Cammarata said in a company statement.
“We believe these high-profile partners will help Neptune expand our distribution relationships and help us with our goal of bringing our own branded products to market.”