The deal for the York-based firm will see it enter an agreement with €450 million turnover Laboratoire regarding exclusive rights to manufacture a new type of meal replacement shakes designed specifically to support the international expansion of OptiBiotix's own label GoFigure consumer weight management brand.

Laboratoire PYC develops, manufactures and packages private label food supplements, nutricosmetics and high protein & sport nutrition products.

The deal builds on the recent partnership with Fipros A/S in Denmark to produce SlimBiome under licence within the European Union and creates a source of supply of GoFigure® products located within the European Union to support the international growth of the B2C brand in Poland, in Malaysia and Singapore and Eastern Europe.

Dr. Fred Narbel, Managing Director of OptiBiotix's prebiotics division , said: "We are very pleased to work with Laboratoire PYC to manufacture a new range of meal replacement shakes formulated with SlimBiome®, and sold under the GoFigure® brand.

"The agreement helps us lower the cost of trade in case of a hard Brexit, supports our existing and future European distributors, and builds contingency into the supply chain: a key requirement from large retail partners who do not want to be single-sourced.

"In addition, Laboratoire PYC has a large portfolio of product formulations which can be formulated with SlimBiome® enabling us to increase the number of applications, extend our product range, and shorten the development of new GoFigure®, SnackSmart® and SnackWell® products without incurring significant development costs."

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Optibiotix announce new contract with French giant