Vita Coco expands manufacturing agreement with Century Pacific for new facility

Vita Coco Company, Inc.

Agreement with Century Pacific to produce Vita Coco products at an additional manufacturing facility.
Century Pacific to build new facility at own cost; production target by Q1 2025.
Company commits to purchase minimum volume annually; penalty if either party fails to meet minimum.
Vita Coco gets right of first refusal on Century Pacific's excess production beyond minimum.
Initial term runs from March 8, 2024 through end of sixth full calendar year after first delivery.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Vita Coco Company, Inc. entered into Manufacturing Agreement with Century Pacific Food, Inc. (effective 2024-03-08).

Action: entry
Agreement: supply
Counterparty: Century Pacific Food, Inc.
Effective: 2024-03-08

Exact text from the filing

On March 8, 2024, All Market Singapore PTE Ltd., a wholly owned subsidiary of The Vita Coco Company, Inc. (the “Company”), entered into a Manufacturing and Purchasing Agreement (the “Manufacturing Agreement”) with Century Pacific Food, Inc. (“Century Pacific”).

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Source: SEC EDGAR

accession 0001482981-24-000032

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