American Lorain Corporation (NYSE Amex: ALN), an international processed snack foods, convenience foods, and frozen foods company based in the Shandong Province, China, today announced that it has signed french-fry distribution agreements and contracts with two premier European potato product companies, Pinguin Lutosa Foods of Belgium (Lutosa) and Farm Frites International BV of Netherland (Farm Frites).
Three import contracts with Lutosa were signed which represent a total of 1,882 tons of french-fries. Two additional import contracts with Farm-Frites were signed for its premium "Bravi" french-fries which represented 1,800 tons of products. American Lorain will serve their imported products to its network of distributors, stores and QSR accounts. Upon successful fulfillment of the first contract, Farm Frites has agreed to appoint American Lorain as the exclusive distributor for its "Bravi" french-fries in China.
Mr. Si Chen, Chairman and CEO of American Lorain commented, "Lutosa and Farm Frites are both premier European companies specialized in potato products and their exports to China accounts for over 20% of the total french-fry market in the country. We believe our agreements represent a step towards growing our market share in China, leveraging our extensive distribution channels such as stores including Tesco, Wal-Mart and Carrefour, our network of sub-distributors, and our branch office covering most major cities in China."
Source: American Lorain News
Farm Frites and Lutosa French Fries distributed in China by American Lorain
