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Compugates enters OEM tea supply and packaging business

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Compugates enters OEM tea supply and packaging business Empty Compugates enters OEM tea supply and packaging business

Post by Cals Sun 21 Sep 2014, 19:10

Compugates enters OEM tea supply and packaging business
Business & Markets 2014
Written by Jonathan Gan of theedgemalaysia.com   
Friday, 19 September 2014 19:31

KUALA LUMPUR (Sep 19): Compugates Holdings Bhd has announced signing of an OEM Tea Supply and Packaging Collaboration Agreement with Westwood Marketing Sdn Bhd.

In a filing to Bursa Malaysia today, the company said it would manufacture and package Gaharu tea under the brand name “Blackgold” for Westwood, which is a direct selling firm. 

The collaboration agreement will be effective for a period of four years, and will involve an estimated total purchase value of RM53 million. 

Compugates said the agreement with Westwood would allow it to expand into the agricultural related businesses. It expected the collaboration to contribute positively to its earnings in the next financial year.
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