13 Oct 2016 07:00
13 October 2016
RM2 International S.A.
Significant new agreement
RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator, is pleased to announce that it has received a commitment from a global leader in temperature-controlled warehousing and logistics to the food industry, for the deployment of RM2 pallets and management of the company's pallet pool. The deployment of pallets will start immediately and based upon the success of the initial locations, the business is projected to encompass the company's North American network. It is anticipated that the agreement will require over 200,000 pallets.
John Walsh, CEO of RM2, commented: "When we announced the manufacturing agreement with Jabil in September this year, we noted that there were a number of deals under negotiation. Today's agreement is the first of these announcements and is a significant agreement with a major corporation further demonstrating the effectiveness of RM2's innovative pallets across different industry sectors. We have worked with our client for several months and have been able to demonstrate the value that RM2's pallets can bring in an important sector for us."
RM2 International S.A. | +44 (0)20 8820 1412 |
John Walsh, Chief Executive Officer Jean-Francois Blouvac, Chief Financial Officer | |
RBC Capital Markets | +44 (0)20 7653 4000 |
Tristan Lovegrove Jonathan Hardy | |
Ema Jakasovic
| |
Citigate Dewe Rogerson | +44 (0)20 7638 9571 |
Simon Rigby Rob Newman Ellen Wilton |
Notes to Editors
RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L.
For further information, please visit www.rm2.com