STT Straight

TIDMSTT

Straight PLC

02 July 2012

   PRESS RELEASE                                                                     2 July 2012 

Straight wins Dorset waste partnership

Straight plc, the environmental products and services group and the UK's leading manufacturer and supplier of waste and recycling container solutions has won a key new contract with the Dorset Waste Partnership.

The new three year contract is worth more than GBP750,000 and will see Dorset Waste Partnership overhaul recycling and refuse services for all properties in the County (not including Bournemouth and Poole).

A new kerbside recycling scheme is set to unify the county's twelve different recycling collections into one standard system in order to streamline collection procedures to reduce resource requirement. Dorset Waste Partnership believes that the new scheme will also help to make significant cost savings.

Under the terms of the new three year contract, Straight will manufacture and supply almost 200,000 products to households across Dorset. All households will receive a Straight 7 litre Kitchen Caddy and a Straight 23 litre Kerbside Caddy for the indoor and outdoor collection of food waste. Households will also receive a Straight 55 litre Kerbside Box for the collection of glass bottles and jars. As part of the Dorset Waste Partnership's flexible service, a Straight 44 litre Kerbside Box will also be available for the collection of mixed dry recyclables for those properties unable to store a wheeled bin. Rollout is due to commence in October 2012.

Jonathan Straight, Chief Executive for Straight plc commented, "We are delighted to have been awarded the contract with Dorset Waste Partnership and we are looking forward to working with them. We are excited to be assisting them with the implementation of a more cohesive recycling scheme and believe that the new scheme will offer considerable benefits to both Dorset Waste Partnership and Dorset residents."

Steve Burdis, Director of the Dorset Waste Partnership, added, "We are very much looking forward to working with Straight plc as the supplier of our food waste containers and recycling boxes for the new 'recycle for Dorset' collection service. We believe that Dorset residents will be delighted with their new containers, which will help them to recycle more at the kerbside as we look to boost Dorset's recycling rate to 65 per cent by 2015."

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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 moulding capability.

-- 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 the Dorset Waste Parnership (DWP)

-- The Dorset Waste Partnership (DWP) was officially launched in April 2011. It consists of the seven Dorset councils not including Bournemouth and Poole (Christchurch Borough Council, Dorset County Council, East Dorset District Council, North Dorset District Council, Purbeck District Council, West Dorset District Council and Weymouth and Portland Borough Council). Between October 2011 and January 2012, all seven partner councils agreed to the introduction of the new, standardised 'recycle for Dorset' collection service. For more information, go to www.dorsetforyou.com/dorsetwastepartnership

-- The new 'recycle for Dorset' service will replace the 12 existing collection services across Dorset (not including Bournemouth and Poole) in phases over the next three years. Once it is fully introduced, the 'recycle for Dorset' service for will help partner councils reduce costs by GBP2m a year and increase the county's recycling rate from 50 per cent to an estimated 65 per cent. For more information, go to www.dorsetforyou.com/recyclefordorset

This information is provided by RNS

The company news service from the London Stock Exchange

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