08:31 AM EDT, 03/11/2024 (MT Newswires) -- Else Nutrition Holdings Inc. ( BABYF ) said Monday that it has signed a manufacturing agreement with a US-based powder manufacturer.

The agreement is expected to lower the company's manufacturing costs by 50% and secure essential powder production capacity to meet the company's growing demand for its toddler and kids nutritional powder products through at least the end of 2025.

The financial terms of the agreement were not disclosed.