Straight PLC Launch of Food Waste Inner Caddy (5750N)

TIDMSTT

RNS Number : 5750N

Straight PLC

10 September 2013

 
 Date:              10 September 2013 
 On behalf of:      Straight plc ("Straight" the "Company" or 
                     "the Group") 
 Embargoed until:   0700hrs 
 

Straight plc

Launch of Food Waste Inner Caddy

Straight plc, the environmental products and services group and the UK's leading supplier of specialist waste and recycling container solutions, has secured a contract with Bournemouth Borough Council to supply an innovative new product for food waste recycling.

The contract, worth in excess of GBP550,000, is to supply the new Food Waste Inner Caddy (FWIC), a product developed by Straight plc to add to its existing range of market-leading container solutions for food waste collection. This container is designed to sit inside the top of a 140 litre wheeled bin creating two separate streams for collection and recycling within the one container. The contract included the supply of the Straight Kitchen Caddy for indoor use, a quantity of the 23 litre Kerbside Caddy for larger households as well as a supply of Compost-a-Bag compostable liners.

Created to meet a specific need for one customer, the product will be launched to the wider market today (Tuesday 10th September) at the RWM Exhibition in Birmingham.

With a 12 litre capacity the FWIC will hold up to 9kg of food waste including larger food waste items. Bournemouth expects a yield of 1.25kg of food waste per person per week on average.

Georgina Lamb, Waste & Resource Projects Manager at Bournemouth Borough Council commented:

"As the market leader in the industry, and with its expertise in the manufacture of inner caddy products, Straight was a natural partner for the development of this product. Use of the new inner caddy containers should demonstrate value for money, increase recycling performance and deliver significant environmental benefits through waste reduction."

Jonathan Straight, founder and Chief Executive of Straight plc added,

"We are delighted to have been invited to fulfil this contract and that the pioneering spirit we are well known for continues to go from strength to strength."

For further information: please contact:

 
 Straight plc 
 Jonathan Straight, Chief Executive    0113 245 2244 
 
 Redleaf Polhill 
 Rebecca Sanders-Hewett 
  Jenny Bahr 
  Rachael Brown                        0207 382 4730 
 
 Cenkos Securities 
 Ivonne Cantu (Nomad)                  0207 397 8980 
 Christian Hobart (Sales) 
 

Notes for editors:

About Straight plc

-- Straight plc provides environmental products and services to both the UK market and overseas.

-- The Group 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

- 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.

-- 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.

-- Straight plc is a founding member of the Social Stock Exchange, an online portal to promote investment in businesses with social or environmental impacts.

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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