24th Nov 2021 19:19
Zenova Group PLC - Brentwood, England-based fire safety and thermal insulation products provider - Secures three-year contract with unnamed Spanish company starting January 1, 2022 where the company will become an authorised distributor of Zenova products, then promote and sell them to clients in Spain, Germany, Austria and Switzerland.
Distributor has committed to purchase a minimum of EUR9.8 million of Zenova products, including the insulating render, insulating paint and fire-resistant paint.
"In securing this new contract, it illustrates how we are gaining traction in bringing these customers on board, and the appetite for our products, even at this early stage. This contract also provides us with a foothold in Europe, which is a substantial market in which we believe there is significant opportunity for growth," says Chief Executive Tony Crawley.
Current stock price: 21.00 pence, up 20% on Wednesday
Year-to-date change: down 6.7% since July 23
By Dayo Laniyan; [email protected]
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