Frontier IP Group signs international distribution deal for Alusid products
Why we think this is neutral
This RNS announcement is a general update on Frontier IP Group's portfolio company Alusid signing a distribution agreement with an Italian firm. While it provides some positive details about Alusid's expanding distribution network, the announcement does not contain any financial figures or other quantifiable metrics that would warrant a stronger sentiment score. Therefore, a neutral sentiment is appropriate for this news.
Key Points
- Alusid signs second international distribution agreement with Italian distributor 3D Wall Panels Italia
- The deal expands Alusid's distribution further across Europe following the agreement with Dutch sustainable materials specialist FRONT Materials BV
- 3D Wall Panels Italia will have exclusivity in Italy for commercial sales of Alusid's wall tile, floor tile and Silicastone product ranges
Summary
Frontier IP Group Plc has announced that its portfolio company Alusid Limited has signed a distribution agreement with 3D Wall Panels Italia, a leading supplier based in Milan, to provide commercial distribution across Italy. The deal expands Alusid's distribution further across Europe following a previous agreement with Dutch sustainable materials specialist FRONT Materials BV. The agreement grants exclusivity to 3D Wall Panels Italia in Italy for commercial sales of Alusid's wall tile, floor tile and Silicastone product ranges.