Distribution deal with Stewart
13 December 2011 - 6:02PM
RNS Non-Regulatory
TIDMSTT
Straight PLC
13 December 2011
Date: 13 December 2011
On behalf of: Straight plc ("Straight" the "Company" or
"the Group")
Embargoed until: 0700hrs
Straight plc
Distribution deal with Stewart
Straight plc, the environmental products and services group and
the UK's leading manufacturer and supplier of waste and recycling
container solutions, is pleased to announce that it has agreed a
deal whereby Stewart, the leading UK garden products brand, will
become the UK garden centre distributor for Straight's Harcostar
range of water butts and accessories.
The deal, which is exclusive for an initial period of two years,
will see the Harcostar range marketed to Stewart's extensive
distribution network, which reaches over 1,000 UK garden centres.
The range will also be featured in the Stewart's 2012 Buyers
Guide.
The Harcostar brand was established in the 1960s and was
acquired by Straight in 2009. The range includes premium
barrel-shaped water butts as well as a wide range of accessories to
fit both existing Harcostar products and also other manufacturers'
containers.
Jonathan Straight, Chief Executive at Straight plc said:
"Stewart has an excellent reputation in the market and we
believe is a natural fit to distribute the Harcostar range of
products. Harcostar is a very strong brand and we look forward to
working with Stewart to see this offered to a broader customer
base."
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 moulding capability.
-- 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 Stewart
Formed in 1945, Stewart is the UK market leader in the
manufacture and supply of technical plastic moulded products for
the gardening, home and professional catering sectors. The company
offers a large range of products in its portfolio ranging from
garden planters and propagators, to food containers and specialist
storage products.
Stewart Garden produces grow your own products, watering, pots,
propagators and garden accessories. These are available in over
1000 outlets across the UK and Eire including major DIY outlets
such as Homebase and Wilkinsons and garden centres across the UK
such as Dobbies and Klondyke/Strikes, The Garden Centre Group and
some 600 plus independent garden centres.
For more information visit www.stewartlimited.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRADKBDQQBDDFBD
Straight Plc (LSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Straight Plc (LSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024