HBB - Hamilton Beach Brands and Numilk enter multiyear agreement

2023-03-09 07:03:35 ET

• Hamilton Beach Brands ( NYSE: HBB ) subsidiary Hamilton Beach Brands, Inc. has entered into an exclusive multiyear agreement with Numilk, to manufacture and sell commercial and consumer appliances for use with Numilk ingredient pouches.
• The companies are in the product design and engineering phase of a next-generation line of appliances that are expected to launch in early 2024.
• The Numilk system combines raw ingredient pouches with water to create fresh, non-dairy milks, lattes and shakes, at the push of a button.
• Commenting on the agreement, Ari Tolwin, Ceo of Numilk said, "Hamilton Beach Brands has an outstanding reputation for creating high-quality, durable, and innovative small appliances. Their design capabilities, manufacturing relationships, selling and distribution expertise across all retail and commercial channels will enable us to rapidly scale."

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