RM2 International SA Agreement with Pactiv LLC (0547O)
November 02 2016 - 3:00AM
UK Regulatory
TIDMRM2
RNS Number : 0547O
RM2 International SA
02 November 2016
2 November 2016
RM2 International S.A.
('RM2' or the 'Company')
Agreement with Pactiv LLC
RM2 (LSE-AIM: RM2), the sustainable pallet innovator, is pleased
to announce that it has received an exclusive commitment from
Pactiv LLC, a wholly-owned subsidiary of Reynolds Group Holdings
Limited, to purchase and deploy the Company's BLOCKPal pallets for
all non-wood pallet uses throughout its organisation.
Pactiv is a leading US manufacturer and distributor of food
packaging and foodservice products and the Company is very pleased
to be adding it to its growing list of clients. The terms of the
contract anticipate Pactiv purchasing and deploying hundreds of
thousands of BLOCKPal pallets in stages across various business
units and geographical areas.
John Walsh, CEO of RM2, said, "RM2 is pleased to be entering
into a commercial agreement for the sale of pallets with an
industry leadership like Pactiv. 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."
RM2 International S.A.
John Walsh, Chief Executive Officer
Jean-Francois Blouvac, Chief Financial +44 (0) 20 8820
Officer 1412
Strand Hanson Limited (Nominated & Financial +44 (0) 20 7409
Adviser) 3494
James Spinney / Ritchie Balmer / James
Bellman
+44 (0) 20 3829
Zeus Capital Limited (Joint Broker) 5000
Giles Balleny / Hugh Kingsmill Moore
+44 (0) 20 7653
RBC Capital Markets (Joint Broker) 4000
Tristan Lovegrove / Jonathan Hardy / Ema
Jakasovic
Citigate Dewe Rogerson (Financial PR) +44 (0) 20 7638
Simon Rigby / Rob Newman / Ellen Wilton 9571
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
About Pactiv Corporation
At Pactiv, continuous innovation has secured its place as the
world's largest manufacturer and distributor of food packaging and
foodservice products, supplying packers, processors, supermarkets,
restaurants, institutions and foodservice outlets across North
America.
Since its founding in 1965 as Packaging Corporation of America,
Pactiv has focused on producing and distributing the highest
quality foodservice packaging products. Its product lines today
include custom and stock foam, plastic, aluminium,
pressed-paperboard, PE coated board, and molded-fiber packaging. It
supplies every major foodservice retailer and distributor in North
America.
From its world headquarters in Lake Forest, Illinois, Pactiv
oversees global operations of more than 11,000 employees at more
than 50 manufacturing plants, mixing centres and distribution
centres.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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