Straight seals agreements worth £4m

Recycling group Straight has won two framework agreements worth £4m a year.

Leeds-based Straight will supply Eastern Shires Purchasing Organisation and the Central Buying Consortium with plastic wheeled bins, steel wheeled bins, food waste caddies and kerbside collection boxes.

Straight said both organisations have signed a two-year Framework Agreement, with the option to extend for a further two years.

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The estimated value of the four-year Framework Agreement, which starts on February 1, is expected to be up to £100m through which Straight expects to generate at least £4m of annual revenues in line with previous levels achieved from this channel.

Of 18 possible lots, Straight bid for a total of 14 and secured a position on all of these, which means the group will have the largest product range on the framework.

In addition to its core range, Straight will supply two new products, the 3BoxStack and the Food Waste Inner Caddy.

Jonathan Straight, founder and chief executive of Straight, said: “We are delighted to have been appointed to both of these high profile framework agreements.

“Both contracts indicate a positive start to 2014.”

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