Pactiv to buy RM2 International's pallets
Sustainable pallet developer RM2 International agreed that Pactiv, a subsidiary of US packaging company Reynolds Group, will buy and use its pallet product.
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Pactiv added RM2 to its list of clients and agreed to purchase and use hundreds of the company’s BLOCKPal pallets for all non-wood pallet uses throughout its organisation across various regions.
Chief executive John Walsh said: “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."
Shares in RM2 International were up 6.81% to 27.77p at 1058 GMT.