Straight PLC Awarded £1.07m contract with Dumfries and Galloway

TIDMSTT

Straight PLC

11 February 2013

 
 Date:              11 February 2013 
 On behalf of:      Straight plc ("Straight" the "Company" or 
                     "the Group") 
 Embargoed until:   0700hrs 
 

Straight plc

Awarded GBP1.07m contract with Dumfries and Galloway Council

Straight plc (AIM:STT) the environmental products and services group, is pleased to announce it has been awarded a GBP1.07m contract with Dumfries and Galloway Council.

Straight will supply the products to support the Council's maiden kerbside recycling initiative. The products, detailed below, are being supplied to the council now for roll out in 2014. :

   --      7 litre Kitchen Caddy and 23 litre Kerbside Caddy for a new separate food waste collection. 

-- 55 litre Ergo Kerbside Box for the collection of mixed glass, metals and plastics. These boxes are equipped with a net which ensures the contents stay in the box, allows overfilling and are designed for rapid release by collection crews.

-- 44 litre Ergo Kerbside Box for the collection of paper and card. These boxes will also be used as an overflow box for additional glass, metals or plastic. Smaller boxes will be supplied with lids.

Jonathan Straight, Chief Executive at Straight plc said:

"We are delighted to have been chosen to support the Council on its first ever kerbside recycling initiative. The contract win is testament to our recycling expertise and hardwearing products that have been tested across UK Local Authorities over many years. We very much look forward to working with the Council."

Greig Blayney, Service Manager Environment at Dumfries and Galloway Council said:

"Our contract with Straight will play a pivotal role in supporting our maiden kerbside recycling initiative. Previously, all residual waste has been collected using wheeled bins, but with our new service encompassing three separate products, we are confident the process will be smooth and successful. We chose Straight due to their proven high quality recycled products, customer service and sector expertise, and look forward to working with the Company."

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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

This information is provided by RNS

The company news service from the London Stock Exchange

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