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SECOS Group (ASX:SES) - Executive Chairman, Richard Tegoni - The Market Herald
Executive Chairman, Richard Tegoni
Source: SECOS Group
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  • SECOS Group (SES) and Woolworths (WOW) expand their partnership regarding SECOS' compostable bin liners
  • The companies entered an agreement in July last year which saw the supermarket giant initially sell SECOS' products across 88 stores
  • Pleasingly, this rollout performed well above expectations with SECOS' products now available in an additional 115 Woolworths stores
  • The company is now working to boost sales of its MyEcoBag and MyEcoPet products across Australia, Latin America and the US
  • Shares in SECOS are up a healthy 17.8 per cent on the back of this news and trading at 26.5 cents at 1:52 pm AEST

SECOS Group (SES) and Woolworths (WOW) have expanded their partnership regarding SECOS' compostable bin liners.

The companies entered an agreement in July last year with the supermarket giant agreeing to sell the eight-litre kitchen caddy bag and 36-litre bin liner across 88 eco stores.

Pleasingly, this rollout performed well above expectations with SECOS' products now available in an additional 115 Woolworths stores.

This expansion will give more households the option to dispose of its rubbish in a greener way.

"This expansion, along with growth being experienced across various customer groups, is expected to continue strong revenue growth for SECOS into FY22 and beyond," CEO Ian Stacey said.

"SECOS is pleased to broaden the store number with Woolworths and is pleased to see the hard work in launching new brands with Woolworths is yielding positive results."

SECOS now anticipates further growth opportunities surrounding its MyEcoBag and MyEcoPet bags and is working towards partnerships with grocery and conveniences stores across Australia, Latin America and the US.

Shares in SECOS were up a healthy 17.8 per cent on the back of this news and were trading at 26.5 cents at 1:52 pm AEST.

SES by the numbers
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