Vita Coco expands manufacturing agreement with Axelum through 2033 with minimum purchase commitments

Vita Coco Company, Inc.

10-year co-manufacturing deal with Axelum effective April 18, 2024, with option to extend 5 years.
Axelum provides raw materials, packaging, and facilities; Vita Coco supplies training and technology.
Company commits to annual minimum purchase volumes, adjustable by mutual agreement.
Non-compete bars Axelum from producing coconut water beverages for competitors except limited amounts in set territories.
If Vita Coco fails to meet minimum purchases, parties jointly sell unused capacity to private label customers.

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 Co-Manufacturing and Purchasing Agreement with Axelum Resources Corp. (effective 2024-04-18).

Action: entry
Agreement: supply
Counterparty: Axelum Resources Corp.
Effective: 2024-04-18

Exact text from the filing

On April 18, 2024, All Market Singapore PTE Ltd., a wholly owned subsidiary of The Vita Coco Company, Inc. (the “Company”), entered into a Co-Manufacturing and Purchasing Agreement (the “Manufacturing Agreement”) with Axelum Resources Corp. (“Axelum”).

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Vita Coco Company, Inc. filing history →

Source: SEC EDGAR

accession 0001482981-24-000057

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