Symphony Environmental to Supply Bread Packages to Bimbo; Shares Rise
June 28 2022 - 4:36AM
Dow Jones News
By Michael Susin
Shares in Symphony Environmental Technologies PLC rose Tuesday
after the company said that it has secured a supply agreement with
Grupo Bimbo for bread packaging in the Americas.
Shares at 0752 GMT were up 3.25 pence, or 20%, at 19.25
pence.
The U.K. plastic-technology company said it will supply the
Mexican company with its d2p antimicrobial technology for an
extendable period of three years.
The supply will be exclusive in the U.S., Canada, and Mexico,
the company said.
The antimicrobial technology for the bread packaging has been
under evaluation for around two years, it said.
"Its successful conclusion and commercial adoption, makes a big
difference to the company, and lays the foundation for our Food and
Drug Administration approved, d2p antimicrobial bread packaging for
the whole world - not just in the Americas," Chief Executive
Officer Michael Laurier said.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
June 28, 2022 04:21 ET (08:21 GMT)
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