Less Ads, More Data, More Tools Register for FREE

Pactiv to buy RM2 International's pallets

Wed, 2nd Nov 2016 11:08

(ShareCast News) - Sustainable pallet developer RM2 International agreed that Pactiv, a subsidiary of US packaging company Reynolds Group, will buy and use its pallet product.

Pactiv added RM2 to its list of clients and agreed to purchase and use hundreds of the company's BLOCKPal pallets for all non-wood pallet uses throughout its organisation across various regions.

Chief executive John Walsh said: "This agreement is consistent with previous announcements in which we stated that a number of customer announcements were in the pipeline, consisting of both outright sales and lease agreements, such as the agreement with a global leader in temperature-controlled warehousing and logistics to the food industry announced earlier this month."

Shares in RM2 International were up 6.81% to 27.77p at 1058 GMT.

Related Shares

More News

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

13 Jan 20 15:55

RM2 International Hopeful On Securing Funding By End Of 2019

RM2 International Hopeful On Securing Funding By End Of 2019

25 Sep 19 16:06

RM2 International Shareholder Cashin Raises Interest To 63%

(Alliance News) - RM2 International SA said Monday that shareholder Richard Cashin has sharply increased his stake in the smart pallet company to 63% from 19%, in a transaction at the end of now

5 Aug 19 17:38

RM2 International Contract Extended And Plans USD6 Million Placing

(Alliance News) - RM2 International SA on Tuesday said is North American contract has been extended and it intends to raise up to USD6.0 million from a 300.0 million share placing priced a USD0.02

23 Jul 19 14:25

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.