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HEALTH AND PLANT PROTEIN GROUP LIMITED - Corporate Spotlight

Health Plant Protein is the largest vertically integrated orchard to retail macadamia nut... Health Plant Protein is the largest vertically integrated orchard to retail macadamia nut processor and marketer in the USA. Macadamia nut contains rich nutrients and beneficial plant compounds, and the Company makes its products from wholesome and unmodified ingredients. The macadamia business forms the basis of the Company’s strategic ambitions in becoming a leading independent participant in health and plant based protein food categories.More

Corporate Spotlight

Health Plant Protein is the largest vertically integrated orchard to retail macadamia nut processor and marketer in the USA.

The macadamia business forms the basis of the Company’s strategic ambitions in becoming a leading independent participant in health and plant based protein food.
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HPP INVESTS IN LAVVA PRODUCTS

HPP INVESTS IN LAVVA PRODUCTS

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Health and Plant Protein Group (ASX:HPP) invests in LAVVA products

Consumer

ASX:HPP    


  • Health and Plant Protein Group (HPP), formerly known as Buderim Group, has invested in EVR Foods
  • EVR is the holding entity of the LAVVA brand and its range of plant-based yoghurts and non-dairy milk and creamer 
  • HPP and S2G have each purchased US$300,000 (around A$389,000) in convertible, unsecured, promissory notes to complete the initial transaction
  • The newly named company recently changed its ticker code to better reflect its new focus on the health and plant protein food business



Health and Plant Protein Group (HPP), formerly known as Buderim Group, has started off 2021 by investing in EVR Foods.

The ASX-lister changed its name and ticker code at the end of last year to better reflect its new focus on the health and plant protein food business.


As part of this new focus, the company announced on Monday that it will invest in EVR Foods, alongside S2G Ventures.

EVR is the holding entity of the LAVVA brand and its associated assets, which includes a range of plant-based yoghurts and non-dairy milk and creamer.


The products are currently sold in U.S. supermarkets, including Whole Foods Market, Sprouts Farmers Market, Good Eggs and Wegman’s.


HPP and S2G have each purchased US$300,000 (around A$389,000) in convertible, unsecured, promissory notes.


The notes attract a 7 per cent interest per annum and will mature on February 28, 2021.


From there, both companies can conduct due diligence before further investing in the company and taking control of the LAVVA brand.


Commenting on the investment, Health and Plant Protein Group Executive Director Dennis Lin said it was a pleasing development.

"The investment in LAVVA is consistent with our core strategy of building HPP including through the high growth categories of plant-based milk and yoghurt," he said.



Read the full article on The Market Herald here. 

ABOUT US

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The Company


Health Plant Protein (ASX:HPP) restructured to a public company on 10 October 1989. The company was previously a Co-operative, established in 1941 by five Buderim farmers. It has since expanded to be one of the world's largest processors, marketers and distributors of confectionary ginger, other ginger based products, and macadamia based products.


Health Plant Protein is the ultimate parent entity, with subsidiaries in Australia, the United States and Fiji. The company employs over 400 people globally with manufacturing facilities in Yandina, Queensland, and Morwell, Victoria Suva, Fiji and Captain Cook on the Big Island, Hawaii; and offices in Milton Queensland and Dana Point, California USA.


The Group's principal activities are the manufacture and distribution of a range of confectionery ginger and other ginger-based products to both industrial, food service and retail operations throughout the world. It is also one of the world's leading processors and marketers of macadamias through its subsidiary: MacFarms LLC, based on the Big Island of Hawaii.


In conjunction with its ginger processing activities and speciality food business, Buderim Group operates one of the Sunshine Coast's most popular and highly awarded tourist attractions, The Ginger Factory at its Yandina site. The Ginger Factory's position as one of the region's most popular tourist destinations is underpinned by innovative attractions including the Taste of Ginger Tour, the Overboard animated puppetry voyage, the Ginger Train and Live Bee Show and Tastings.


Health Plant Protein maintains a strong working relationship with ginger and macadamia growers. The company is committed to the continued underpinning of viable ginger and macadamia growing industries and works with growers for the benefit of both growers and the company.



Strategy


Health Plant Protein's strategic focus is on consolidating the group's global leadership position in food markets in which it chooses to operate, and new markets where we believe demand for our products is strong such as China, while facilitating carefully planned growth in both traditional and non-traditional areas.  These markets currently include the confectionery ginger, premium macadamias, branded speciality food products and agri-tourism in support of these markets.


Whilst the Board believes that the key to achieving prosperity is to maintain growth in profitable areas whilst containing costs, it also recognises that the global environment in which we operate is changing and the company must expand its scope to ensure ongoing success. Any expansion must be carefully planned and consistent with our capabilities and conservative investment philosophy. We must remain focussed, but flexible.


The company is committed to examining opportunities where it believes it possesses synergies with other food industries or companies, and key competencies or competitive advantages which could be utilised.


Operationally, the company's major areas for focus include:


  • Leveraging the company’s strong brand portfolio and the company's international sales and distribution infrastructure to deliver profitable sales growth; and
  • Investing in process improvements designed to deliver substantial productivity gains while never compromising Buderim Ginger's premium position as "The World's Finest Ginger".
  • Investing in the macadamia segment to secure long-term supply supporting profitable sales growth and product development



Programs


The company has adopted a dual focus for its R&D program: New Product Development and Process Improvement. Process improvement encompasses an ongoing program of investment to drive both productivity improvements as well as maintain our product quality leadership position. New Product Development, on the other hand, is one of the engines for our growth.


Health Plant Protein has been the recipient of numerous business, export, tourism, and human resource awards and commendations. It is committed to minimising any adverse impact the industry may have on the environment through constant research and development programs. Its community awareness is demonstrated through financial support of local charities.

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