Chemist Warehouse and Sigma sign $800m deal
Chemist Warehouse and Sigma Healthcare have signed a new distribution agreement that will deliver the wholesaler up to $800 million in the first full year.
The 4.5-year agreement for Sigma to supply fast-moving consumer goods to the My Chemist/Chemist Warehouse Group begins in December.
There will be a progressive build-up, with supply expected to reach a full run rate by July 2020, Sigma said in an ASX statement.
The first full year of operations is expected to deliver $700 million-$800 million in sales to the wholesaler.
Other terms of the agreement