Roundup: Pactiv to Purchase RM2 Pallets

Sharecast News is reporting that composite developer RM2 International has reached a pallet sales agreement with Pactiv, a subsidiary of US packaging company Reynolds Group. According to the announcement,¬†Pactiv added RM2 to its list of clients and agreed to purchase and use hundreds of the company’s BLOCKPal pallets for all non-wood pallet uses throughout its organization across various regions.

“This agreement is consistent with previous announcements in which we stated that a number of customer announcements were in the pipeline, consisting of both outright sales and lease agreements,” Chief executive John Walsh was quoted, “such as the agreement with a global leader in temperature-controlled warehousing and logistics to the food industry announced earlier this month.”