TIDMSTT
Straight PLC
04 February 2013
Date: 4 February 2013
On behalf of: Straight plc ("Straight" the "Company" or
"the Group")
Embargoed until: 0700hrs
Straight plc
Announces GBP1.7m contract with Serco
Straight plc (AIM:STT) the environmental products and services
group is pleased to announce it has been awarded a significant
contract with Serco, the international service company, to provide
containers and other products for its Canterbury City Council
contract.
The Group will assist with the implementation of new waste and
recycling initiatives in the second and third quarters of the year.
The initiatives and how Straight is assisting are as follows:
-- Recyclables and garden waste will be collected alternate
weeks with residual waste. Straight will provide 240 litre wheeled
bins, complete with a 55 litre wheeled bin inner caddy. The bins
will be used for mixed recyclables and the caddy for paper and card
respectively. Further sizes of wheeled bins will also be
provided.
-- The collection of mixed recyclables in communal areas will be
serviced by the Straight 1,100 litre Steelybin(R) metal bins
equipped with suitable apertures.
-- A new weekly food waste collection is to be introduced using
Straight 5 Litre and 23 litre caddies for indoor and outdoor use.
Each household will also be issued with a roll of Straight
Compost-a-Bag(R) compostable liners. Additional liners will be
available via Straight's caddyliners.com website.
Jonathan Straight, Chief Executive at Straight plc said:
"I am delighted to announce our GBP1.7m contract win with Serco
which illustrates our strength as a key player in the waste
management industry and the partner of choice for contracts of this
nature. We very much look forward to working with Serco and helping
Canterbury City Council achieve its new recycling initiatives."
Robin Davies, Development Director at Serco said:
"Our contract with Straight will play an important role in
servicing our renewed eight year agreement with Canterbury City
Council. They fully integrated into and supported our bid process
providing waste management expertise. They also supply high quality
products which are durable and proven across UK Local Authorities
over many years.We very muchlook forward to working with the
Company."
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 mouldingcapability.
-- 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 Serco:
Serco is a FTSE 100 international service company, which
combines commercial know-how with a deep public service ethos.
Around the world, we improve essential services by managing
people, processes, technology and assets more effectively. We
advise policy makers, design innovative solutions, integrate
systems and - most of all - deliver to the public.
Serco supports governments, agencies and companies who seek a
trusted partner with a solid track record of providing assured
service excellence. Our people offer operational, management and
consulting expertise in the aviation, BPO, defence, education,
environmental services, facilities management, health, home
affairs, information and communications technology, knowledge
services, local government, science and nuclear, transport, welfare
to work and the commercial sectors.
More information can be found at www.serco.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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