Distribution Agreement
August 23 2010 - 2:00AM
UK Regulatory
TIDMSNCL
RNS Number : 4392R
Sinclair (William) Holdings PLC
23 August 2010
WILLIAM SINCLAIR HOLDINGS PLC
("William Sinclair", the "Company" or the "Group")
WILLIAM SINCLAIR TO DISTRIBUTE MONRO'S GROWING SUCCESS ORGANICS PRODUCT RANGE
William Sinclair Horticulture Limited, one of the UK's leading suppliers of
growing media and a subsidiary of William Sinclair, has signed a distribution
agreement with Monro Horticulture Ltd ("Monro") to distribute Monro's product
range of Growing Success Organics.
The agreement is expected to contribute approximately GBP3 million of revenue
for William Sinclair in the financial year ending 30 September 2011. As part of
the deal William Sinclair has provided working capital support to Monro.
Growing Success Organics manufacture and market a wide range of market leading
garden safe chemicals and consumer horticultural products, and the product range
includes organic chemicals for the control of slugs, rodents, weeds and insects
and specialist gardening products.
By leveraging William Sinclair's extensive retail sales network, the
distribution agreement will significantly increase the number of outlets where
Growing Success Organics products can be sold. In addition, the distribution
agreement marks a strategic move by William Sinclair to broaden the range of
premium and environmentally sensitive products it supplies to its customers.
Over the past 20 years Growing Success Organics has established itself as market
leader in garden safe chemicals, all supported by its 'Children and Pet Safe'
symbol which is now recognised throughout the industry as the symbol of trust.
Similar to William Sinclair, which is renowned for its industry leading peat
free products, Growing Success Organics focuses on working towards the
encouragement of biodiversity within the environment. Growing Success Organics
has a research team committed to developing and fine tuning safe and effective
products for use in our gardens.
Danny Adamson, Managing Director, William Sinclair - Retail, commented.
"William Sinclair and Growing Success Organics have very similar company
philosophies in that we are both committed to providing customers with leading,
high quality premium brands while being conscious of the need to minimise the
environmental impact of our activities.
"By applying our own efficient customer service processes to the sale of the
Growing Success Organics products, we look forward to broadening the customer
base and ensuring levels of customer service that are second to none. We look
forward to working with our new partners and supporting the growth of both of
our businesses."
Graeme Jennings, Managing Director of Monro Horticulture, said:
"Working with William Sinclair was the obvious choice for us at Monro, as we
believe the Growing Success Organics products are fully complementary to the
William Sinclair product range. We are absolutely delighted at this opportunity,
which will undoubtedly open doors for us, and be good for both our existing
customers as well as giving us the chance to reach many new ones."
For further information: www.william-sinclair.co.uk
+--------------------------------------------+----------------------+
| William Sinclair Horticulture Limited | |
| Danny Adamson, Managing Director - Retail | 01522 537561 |
| Mark Way, Corporate Communications | 07786 116991 |
| | |
+--------------------------------------------+----------------------+
| Monro Horticulture | |
| Graeme Jennings, Managing Director | 01622 717373 |
| | |
+--------------------------------------------+----------------------+
| Arbuthnot Securities | |
| Alastair Moreton / Ben Wells | 020 7012 2000 |
| | |
+--------------------------------------------+----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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