Notice of Results (7933M)
August 22 2011 - 7:11AM
UK Regulatory
TIDMSTT
RNS Number : 7933M
Straight PLC
22 August 2011
Date: 22 August 2011
On behalf of: Straight plc ("Straight" the "Company" or
"the Group")
For Immediate Release
Straight plc
Notice of Results
Straight plc (AIM: STT), the environmental products and services
group, will be announcing its Interim Results for the six months
ended 30 June 2011 on Tuesday, 27 September 2011.
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 to Editors
About Straight plc
-- Straight plc is the UK's leading 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 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 moulded products 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.
-- By the end of Q1 2011 almost two thirds of the products
supplied will be produced in Straight's own factory which is
currently being expanded.
-- 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
END
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