NEW YORK: SECOS received first purchase orders from NYSE publicly listed United Natural Food Inc. (UNFI), one of the largest wholesalers of natural, organic, and specialty products to over 30,000 conventional grocery stores in the USA via their extensive network with over 58 distribution centres and 2,200 trucks.
SECOS Group CEO, Ian Stacey said, “We see very strong demand within retail markets for products that offer a sustainable alternative to conventional plastic products that are consistent with circular economy principals.
As such we have seen very encouraging support for our MyEcoBag branded products in Australia, with over 450% annual growth in demand within Woolworths. In addition to Woolworths, we are broadening our market reach by supplying to well-established Australian distributors such as Pacchini and others who wish to offer their retail partners more sustainable, compostable alternatives to conventional plastic products
We know that the market for compostable products is also exceptionally large in the USA which allows SECOS Group to develop sales either under its own MyEco brand or with partners who have their own brand.
We are therefore investing in the expansion of the MyEco brands in the USA retail market. To that end we have been in discussion with a range of retailers who utilize UNFI distribution centers to access MyEcoPet compostable products.”
United Natural Food Inc. (NYSE: UNFI) was founded in the USA in 1996 and is a significant distributor with USA-wide logistics reach to over 30,000 natural, organic, or specialty product stores via a fleet of over 2,200 trucks. SECOS has secured initial stocking orders for MyEcoPet products to supply twelve distribution centers and initial retail orders have been received to draw down on that stock which is currently available in SECOS’ USA warehouse.
SECOS Group Limited (ASX: SES) is a leading developer and manufacturer of sustainable packaging materials. SECOS supplies its proprietary biodegradable and compostable resins, packaging products and high-quality cast films to a blue-chip global customer base. SECOS Group is integrated from resin production, into film (cast and blown) production and can develop bespoke compostable solutions for a range of applications.