Straight wins new contract with YPO

Straight's shares advanced Thursday after the environmental and product services group announced it won a new deal with YPO to supply plastic wheel bins.

Straight's shares advanced Thursday after the environmental and product services group announced it won a new deal with YPO to supply plastic wheel bins.

The contract for the bins, which range between 140 to 1,100 litre capacity, is estimated to be worth between £30m and £60m across a total of six suppliers on the framework.

The four-year agreement replaces a previous contract with YPO for wheeled bins, which has expired.

Straight now holds positions on four YPO framework agreements, which include the supply of metal wheeled bins, recycling containers, compostable liners and plastic wheeled bins.

YPO customers include public sector organisations such as schools, colleges and universities, emergency services, and major local government departments.

Jonathan Straight, Chief Executive of Straight, said: "We have been a supplier to YPO, the UK's largest public sector organisation, since 2005, and a supplier of wheeled bins to YPO customers since 2008.

"Our appointment is testament to our high compliance and quality levels, and the fact our products have also achieved the latest standards for certification. We look forward to continuing to work with YPO now and in the future, and to continue the high level of service that we are renowned for."

Shares rose 22.81% to 35p at 12:38.

RD

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