- -SGTM entered packaging agreement with Old Castle Lawn & Garden to supply large Midwest home improvement chains
- -Old Castle Lawn & Garden parent company CRH employs 80,300 people at more than 3,100 locations across 30 countries
- -SGTM dispatched team to assess damage from Hurricane Laura, one of the strongest in history
- -SGTMS’s Q2 results nearly doubled from Q1 to $12.3 million in revenue, $3.4 million in gross profit
As nationwide demand for environmentally sustainable solutions for waste increases, Sustainable Green Team (OTC: SGTM) –a leading provider of environmentally beneficial solutions for tree and storm waste disposal—continues to expand its footprint in the U.S. through a packaging agreement between its subsidiary Mulch Manufacturing Inc. and Old Castle Lawn & Garden to supply large home improvement chains in the Midwest. The recent agreement with Old Castle Lawn & Garden is the latest in a series of strategic moves in line with SGTM’s corporate strategy, which combines operation expansion, strategic acquisitions and internal investment—moves that have enabled the company to expand and profit at a time of global economic contraction.
As a wholly-owned subsidiary of CRH, Old Castle Lawn & Garden provides architectural products that include concrete masonry and hardscapes, packaged cement mixes, packaged lawn and garden products. Its parent company CRH is a leading global diversified building materials group that employs over 80,300 people at more than 3,100 locations across 30 countries (https://ibn.fm/tCAtD).
“I am honored to have been engaged by Old Castle Lawn & Garden and to secure a packaging agreement with this global company, increasing our strategic partnerships,” said SGTM CEO and Director Tony Raynor in recent statements (https://ibn.fm/9olTc).
SGTM provides environmentally-beneficial solutions for tree and storm waste disposal created by hurricanes, ice storms and floods into useful organic products that benefit the environment. Through its subsidiaries, the company provides tree services that include debris hauling, biomass recycling, waste removal, mulch manufacturing, packaging and sales, and most recently the production of playground surface material.
Expert predictions forecasting a very active storm season for Florida are coming to fruition (https://ibn.fm/H0Awm), evidenced by the extent of the damage created by Hurricane Laura, considered to be one of the strongest hurricanes on record as measured by maximum sustained winds (https://ibn.fm/s7tBO). SGTM recently reported that it dispatched its National Storm Recovery Ltd. team to assess the damage and is still on site in impacted areas. Live video coverage of the company’s strategic relief efforts can be viewed online through its social media channels (https://ibn.fm/u24kU).
STGM has been rapidly growing despite a worldwide economic slowdown that has seen millions of businesses closed. The company’s impressive Q2 results almost doubled during the quarter and include over $12.3 million in revenue and $3.4 million in gross profit https://ibn.fm/n825Y. As “stewards of the environment” SGTM plans to continue expanding its operations and diversifying revenue streams amid a growing business landscape that is experiencing increased demand for their organic, sustainable and environmentally-friendly products.
To learn more about Sustainable Green Team Ltd., view the investor presentation at https://ibn.fm/177U7.
NOTE TO INVESTORS: The latest news and updates relating to SGTM are available in the company’s newsroom at http://ibn.fm/SGTM
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