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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Straight | LSE:STT | London | Ordinary Share | GB0033695486 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 77.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSTT
RNS Number : 6395Z
Straight PLC
20 March 2012
Date: 20(th) March 2012 On behalf of: Straight plc ("Straight" the "Company" or "the Group") Embargoed until: 0700hrs
Straight plc
Notice of results and further contract with the YPO
Further to the announcement in February, Straight plc, the environmental products and services group and the UK's leading manufacturer and supplier of waste and recycling container solutions, will now be announcing its Preliminary Results on 30 May 2012.
The Group is also pleased to announce that it has secured a position on a new framework agreement with the YPO. Straight now features on three key YPO framework agreements.
The new two year contract is estimated to be worth approximately GBP25 million spread across five suppliers and will see Straight continue to deliver a broad variety of products from its extensive recycling products portfolio to YPO and its customers.
Under the new agreement, the following Straight product ranges are included: Kitchen Caddy, Kerbside Caddy, Kerbside Box, and Wheeled Bin Inner Caddy. In addition, other Straight products including water butts, home compost bins, office recycling containers and specialist containers for materials such as batteries are now also available. This adds to the Straight product ranges which are already currently available through YPO, including plastic wheeled bins and the Steelybin(R) metal wheeled bin range.
YPO is the UK's largest public sector procurement organisation. YPO enables its public sector customers to benefit from cost and efficiency savings through bulk buying and its wide range of value-for-money products and services. Framework agreements offer a fully compliant route to market allowing customers to buy goods without going through the full procurement process required through the Official Journal of the European Union.
Jonathan Straight, Chief Executive of Straight plc commented:
"We are very pleased to have been awarded a further YPO contract - we believe that this is testament to the quality of the products and service that we provide to our customers. We look forward to the relationship evolving further in the future."
Helen Wardman, Category Manager at YPO said:
"YPO has worked with Straight for a number of years and we are delighted that we will be continuing to offer their products on this new framework. Straight is able to offer a large selection of products, which means more choice for our customers. Over the years, we have built a solid relationship with Straight and have been consistently impressed with the high levels of customer service and product quality."
- End -
For further information: please contact:
Straight plc Jonathan Straight, Chief Executive 07977 002 366 Redleaf Polhill Rebecca Sanders-Hewett /Jenny Bahr 0207 566 6720 Cenkos Securities Ivonne Cantu (Nomad) 0207 397 8980 Christian Hobart (Sales)
Notes for editors:
About Straight plc
-- Straight plc is the UK's leading manufacturer and supplier of specialist kerbside recycling containers, as well as being a key supplier of a broad range of waste and recycling container solutions. Founded in 1993 by the current Chief Executive, Jonathan Straight, the business has since supplied more than 25 million kerbside boxes, baskets and caddies to local authorities across the UK, securing its position as the industry leader.
-- The business operates through two divisions. The core Trade Business supplying products in bulk to local authorities, utilities, the waste industry, retailers and other businesses and the Retail Business supplying a range of proprietary environmentally friendly consumer products directly to the public, often in partnership with a local authority or a utility.
-- In 2010 two major acquisitions changed the business model, which previously relied on outsourced manufacture. In March 2010 Straight acquired the business and assets of the UK business of Helesi plc giving it a proprietary position in the wheeled bin market. This was followed in August 2010 by the acquisition of Powell Plastics, a key supplier of injection mouldedproducts to the group. The Powell factory, in Hull, has since been developed to include a blow mouldingcapability.
-- In February 2009, Straight added to its portfolio with the acquisition of Harcostar Garden Products, a long established premium brand consisting of water butts, compost bins, watering cans and accessories. This gained new distribution channels for the business in the UK and in Europe.
-- In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home composters and water butts. Through the Blackwall brand, Straight has delivered more than 3.5 million compost bins and water butts.
-- Almost two thirds of the products the Group supplies are now produced in Straight's own factory.
-- Straight plc has established diverse overseas sales channels for its products, some of which are manufactured locally to their markets in North America and in Australia. Other markets are serviced from UK production.
Further information about the company and its products can be found at: www.straight.co.uk
About the YPO:
-- YPO provides a professional procurement that allows its public sector customers cost and efficiency savings through its substantial bulk buying power and the convenience of its diverse 'one stop shop'.
-- YPO is the largest formally constituted local authority purchasing consortium in the UK.
-- YPO's customer base extends across more than 30,000 active accounts and over 100 local authority areas encompassing schools, colleges and universities in addition to all major local government departments including Social Services, Catering, Transport, Highways, Building, Energy, Admin and Waste Management as well as the Emergency Services.
-- Based in Wakefield, in close proximity to the M1 and M62 motorways, YPO employs 400 staff in its headquarters and two warehouses.
-- YPO is also a member of the Pro5 Group of professional buying organisations
This information is provided by RNS
The company news service from the London Stock Exchange
END
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