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Supercart

  • BY: Andrew Hore |
  • POSTED: 28/07/2009 |

Supercart has won a new order in the US worth more than $1.85m.

The plastic shopping trolley supplier recently acquired the plastic/metal hybrid trolley business of Rehrig International. The order for plastic/metal hybrid trolleys is from a national retailer with more than 1,500 stores in more than 40 states.

The revenues will come through in 2009. They are likely to be equivalent to around 1.1m. Supercart generated revenues of 4.81m in 2009 so this contract will be a big help in moving the business towards profitability.

Shares in Supercart held steady at 17p each, which values the company at 10.8m. The share price is at a high for the past 12 months and is three times the level it was three months ago just after the Rehrig deal was announced.

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