Solegear Announces Significant Increase in Business with Leading U.S.-Based Produce Provider
May 9, 2017
Vancouver, BC – Solegear Bioplastic Technologies Inc. (the “Company” or “Solegear”) (TSX-V:SGB) is pleased to announce that it has received an increased annual program from a leading U.S. ready-to-eat produce provider that is expected to generate 400% growth in revenue from this customer in the current year.
The associated purchase orders include multiple packaging designs across the Fresh Cut Fruit and Vegetable categories that are distributed nationwide to a variety of retail and foodservice outlets.
“We are very optimistic about the significant growth in demand that we’re seeing from grocers and food producers wanting to convert to plant-based packaging that contains no hazardous chemicals or additives,” said Paul Antoniadis, CEO of Solegear. “Our growing relationships with over 60 customers across 20 states and provinces illustrates the priority leading food producers and customers are placing on the use of safer, renewable resources to package the food we’re feeding our families.”
Author: Solegear Bioplastic Technologies
In the news
Yaletown Partners would like to congratulate one of its portfolio companies, Tasktop, for entering into a definitive agreement to…
May 18, 2022
Yaletown Partners is pleased to report that Group14 Technologies, one of its portfolio companies, has completed a $400M Series C f…
May 6, 2022