- Sustainable packaging company SECOS (SES) receives its first purchase order from United Natural Food (UNFI) in the US
- Founded in the US in 1996, UNFI is one of the largest wholesalers of natural, organic and speciality products to over 30,000 grocery stores across the country
- UNFI will initially stock three MyEcoPet products in 12 of their 58 distribution centres with these initial orders to be filled by SECOS’ US warehouse
- Distribution is expected to greatly increase SECOS’ MyEco brand footprint in the US and support its strategy to expand its own products into new and existing markets
- SECOS is up 8.51 per cent on the market with shares trading at 25.5 cents
Sustainable packaging company SECOS (SES) has received its first purchase order from big US wholesaler United Natural Food in the United States.
Founded in the US in 1996, UNFI is one of the largest wholesalers of natural, organic and speciality products to over 30,000 grocery stores across the country.
UNFI will initially stock three MyEcoPet products in 12 of their 58 distributions centres across the US. These initial orders will be filled by SECOS’ US warehouse.
Distribution is expected to greatly increase SECOS’ MyEco brand footprint in the US and support its strategy to expand its own products into new and existing markets.
“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 principles,” SECOS CEO Ian Stacey said.
“We know that the market for compostable products is also exceptionally large in the
US which allows SECOS Group to develop sales either under its own MyEco brand
or with partners who have their own brand.
“To that end we have been in discussion with a range of retailers who utilise UNFI distribution centres to access MyEcoPet compostable products.”
SECOS is continuing to develop further opportunities for growth and is working to garner market share in grocery and convenience stores across Australia, Latin America and the US.
SECOS was up 8.51 per cent on the market with shares trading at 25.5 cents at 1:54 pm AEDT.