OMG Group’s Incoming Oat Milk Manufacturer Becomes a Shareholder

OMG Group has secured A$1.5 million in investments, with Slades Beverages, the Victorian manufacturer set to take over production of its Oat Milk Goodness range, being a significant anchor investor with A$350,000. The placement was priced at A$0.007 per share, with directors also contributing A$170,000 subject to shareholder approval. A share purchase plan is also being offered to eligible shareholders for an additional A$250,000. The company expects closer coordination with Slades to reduce costs as volumes increase.

Slades Beverages, with a long history of beverage production in Australia, has taken an equity stake in OMG Group, marking the first time it has done so with a brand it manufactures. The move is seen as a strong endorsement of OMG and its Oat Milk Goodness portfolio. OMG Group, which also owns the Blue Dinosaur snack brand, has announced plans for a 10-for-one share consolidation and is well-positioned to continue scaling its business with the additional capital.

Overall, the investments from Slades Beverages and other sources put OMG Group in a strong position to achieve cash flow breakeven, with expanded ranging at Woolworths and the launch of new products contributing to strong sales momentum into the future.