7th Sep 2022 14:33
Zenova Group PLC - Essex-based fire safety and thermal insulation products provider - Signs a distribution deal with Sig PLC for an undisclosed sum. Says Sig has placed an initial order of about GBP40,000 for Zenova products. Additionally, Zenova says it will provide training to Sig's staff on the products to be sold via their websites and UK branch. Anticipates a substantial order book will build from this relationship.
Chief Executive Officer Tony Crawley says: "As a leader in its respective markets, SIG plays a critical role in mitigating climate change across the construction industry and its insight and specialist knowledge is something customers rely on and respect. By supporting the supply of our products with training, SIG's staff will better understand the uses and benefits of Zenova's innovative range, and be well equipped to share that knowledge with customers leading to a significant number of sales."
Sig is a supplier of specialist insulation and sustainable building products and solutions to construction customers across Europe.
Current stock price: 16.00 pence, down 3.0%
12-month change: down 21%
By Xindi Wei; [email protected]
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