TIDMSC.
RNS Number : 4055W
Supercart PLC
28 July 2009
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28 July 2009
Supercart Plc
("Supercart" or the "Company")
Major Contract in North American Market
Supercart, the UK company involved in the design, marketing and distribution of
plastic shopping trolleys, today announces that it has won a significant order
from a major US customer, the second such order since the acquisition of Rehrig
International assets in March 2009.
The order announced today is from a leading national retailer which operates
over 1,500 stores in more than 40 states. The contract has been awarded to
Supercart's wholly owned US subsidiary Plasti-Cart Inc. ("Plasti Cart"). The
contract requires Plasti Cart to supply plastic/metal hybrid shopping trolleys,
and is worth over $1.85 million in the current year.
Supercart announced on 20 March 2009 that it had acquired certain of the assets
Rehrig International Corp., which was an established manufacturer and
distributer of a range of hybrid plastic/metal trolleys.
Commenting on the agreement, Michael Wolfe, Chief Executive, said:
"Our presence in the North American market has been strengthened by the recent
acquisition of the major assets of Rehrig. This agreement with one of the
largest retail groups in the US, is a major endorsement of the investment we
have made."
+------------------------------------------+-----------------------------------+
| For further information, please contact: | |
| | |
+------------------------------------------+-----------------------------------+
| Supercart plc | 01732 459898 |
| Mike Wolfe, CEO | |
| | |
+------------------------------------------+-----------------------------------+
| Charles Stanley Securities | 020 7149 6000 |
| Nominated Adviser | |
| Russell Cook | |
| Carl Holmes | |
| | |
+------------------------------------------+-----------------------------------+
| Tavistock Communications | 020 7920 3150 |
| Matt Ridsdale | |
| Andrew Dunn | |
| | |
+------------------------------------------+-----------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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