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#Bull Case
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Added 3 years ago

SECOS has significantly increased their retail network in the US.

Following on from their announcement on November 2021 about their initial entry into the US market via US Veteran Canteen Services’ retail chain, SECOS has announced US United Natural Food Inc as a wholesale distributor of its MyEcoPet products to USA retailers. UNFI will stock three MyEcoPet products initially via 12 of their 58 Countrywide distribution centres.

The Veteran Affairs’ Veteran Canteen Services retail chain represented 97 stores throughout the US. The United Natural Food represents an opportunity of about 6,000 stores across the US (12/58 x 30,000 UNFI conventional grocery stores). This is clearly a step up in exposure.

Following on from a significantly increased manufacturing capacity largely via the newly built biopolymer manufacturing plant in Malaysia, the strengthing of supply chains and the establishment of a new Global Biopolymer Research and Development Centre, SECOS is well positioned for growth.