Sea Forest signs a major distribution deal with Teys Australia
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Sea Forest Limited (ASX: SEA), on 7 October 2026 announced that it had signed a distribution agreement with Teys Australia which targets at least 480,000 head of cattle by 30 June 2027.
Management said the agreement is a major commercial milestone for Sea Forest and should help accelerate adoption of methane reduction technology across the Australian agricultural sector.
The deal takes the total number of cattle under agreement from 131,000 to 541,000 head which includes the 70,000 head already contracted with Teys Australia.
Teys Australia has trialled Sea Forestβs SeaFeed product in its feedlots for the past 12 months and will become the exclusive distributor for the beef industry across Australia and New Zealand subject to specified purchase-volume targets.
The initial agreement runs until 30 August 2030 and includes options for both parties to extend it although Teys can terminate the agreement without cause by giving 90 daysβ notice.
Teys will also use SeaFeed across its Jindalee, Charlton and Condamine feedlots at no less than the recommended dosage which is subject to operational needs animal-welfare requirements and product availability and represents about 70,000 head at full utilisation.
Both parties will work towards the 480,000-head target under the agreement which includes cattle supplied through Teys Australiaβs wider customer network while Teys must meet certain volume targets to keep its exclusive distribution rights.
Product pricing will be agreed on an ongoing basis and must be commercially viable for both parties which means the announcement does not provide a fixed revenue figure from the agreement.
Sea Forest operates three Australian sites across Tasmania and New South Wales and has expanded R&D into aquaculture and nutraceutical solutions which are additional avenues for future growth.
(Source: Company Announcements)
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