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.”