Eveready upswing prospects dim with loss of Energizer contract

Eveready Nakuru plant is expected to yield about Sh1.3 billion in revenue for the troubled firm. Eveready Batteries has “temporarily” lost a distributorship contract with its biggest supplier - American associate giant Energizer. (PHOTO: COURTESY)

Eveready Batteries has “temporarily” lost a distributorship contract with its biggest supplier - American associate giant Energizer.

Negotiations are underway to restore the agreement that expired at the end of September, the Nairobi Securities Exchange-listed company said in a cautionary statement to investors.