Pharmacy Daily | Sigma seals new deals

SIGMA has announced the finalisation of a new long term supply contract with the My Chemist/Chemist Warehouse Group taking effect from 01 Jan 2016. Through the ASX announcement, Sigma said the agreement cements the existing relationship for a further three years, as well as offering the option to exclusively negotiate an additional three year extension. Sigma md and ceo Mark Hooper said the agreement also enables further reduction in payment terms to better align the arrangement with Sigma’s trading objectives. “This has been a long negotiation process, but it was important for both parties that the terms of the agreement made commercial sense.” He added that the company had been very disciplined in continuing to build the Sigma business off a strong base “that delivers sustainable profit growth and a commercial return on the company’s invested capital”. “The terms of this agreement tick these boxes, as well as ensuring the appropriate support for the ongoing partnership with the My Chemist/Chemist Warehouse Group.”

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