7th Oct 2022 13:26
Zenova Group PLC - Essex-based fire safety and thermal insulation products provider - Says enters a sub-distributor agreement with Palatine Paints. Zenova says both companies remain committed to using their products "to improve and protect the UK's history and heritage." One project to be undertaken in first quarter of 2023 requires Zenova fire protection paint to be used on a heritage site where the station house has been damaged by fire. Palatine have placed their first order with Zenova and will initially stock Zenova primers, Zenova IP thermal insulation paint, and Zenova fire protection paint.
Alongside the order, Zenova will work with Palatine to provide training to its staff on the products, which will be sold via Palatine's UK branches and associated websites. Zenova anticipates that there will be "strong growth in the ongoing order book coming from this relationship."
Zenova Chief Executive Officer Tony Crawley said: "Their (Palatine's) order is testimony to the quality and reliability of Zenova's products, and I am happy to see that the Zenova products are continuing to be adopted by leading companies within the sector. I believe that this strategic relationship will assist in building the brand recognition of Zenova and increase the demand for our products going forward."
Current stock price: 14.50 pence
12-month change: down 6.5%
By Chris Dorrell; [email protected]
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