30 May 2013 – contract win
Straight has secured a position on a new four year framework agreement with YPO, whose customers include public sector organisations such as schools, colleges and universities, emergency services, and major local government departments. This will involve the supply a range of plastic wheeled bins from 140 to 1100 litre capacity. The company believes that the new contract is estimated to be worth between £30 and £60m across a total of six suppliers on the framework. The previous framework agreement for wheeled bins has now expired. The company now holds positions on four YPO framework agreements, which include the supply of metal wheeled bins, recycling containers, compostable liners and plastic wheeled bins. The share price has rallied strongly on the news but there is potential for it to run much further. BUY.