OrganoWood signs general agreement with Swedish BIO AB
Awarded OrganoWood AB supplies fire and rot protected wood and complementing wood treatment products. Since 2012, Swedish Byggtrygg AB with the hardware chain XL-BYGG been one of the companys' most important resellers. During the autumn of 2014, Byggtrygg AB and Interpares AB merged their purchasing organisations and founded a new mutual purchasing company named BIO AB. OrganoWood has now signed a new general agreement with BIO AB which applies to all their approximately 230 building suppliers all over Sweden.
OrganoWood AB, a daughter company to OrganoClick AB (publ) and Kvigos AB, supplies and markets since 2012 OrganoWood®, a durable and fire protected wooden material. The wood is a perfect replacement to the standard pressure impregnated wood, treated with heavy metals and biocides and used in e.g. timber decking, fences, etc. The wood is environmentally labeled and is recommended by Swedish ”Byggvarubedömningen”. OrganoWood®-modified wood was 2014 awarded with Nordbyggs gold medal for ”Hottest building material of the year”. The company’s wood protection product is also first-in-class to become eco-labeled by the Swedish Society of Nature Conservation as “Good environmental choice”.
BIO AB is a mutual purchasing organisation for Byggtrygg AB and Interpares AB which contains the hardware chains XL-BYGG with approximately 100 building suppliers and Woody with more than 100 building suppliers. OrganoWood has previously had a general agreement with Byggtrygg and thereby sold its products through XL-BYGG, but has also sold its products through some Woody-units. With this general agreement, OrganoWood may now sell its products through all Woody-units.
”The general agreement with BIO AB give us access to another 100+ resellers in Sweden. This will further increase our reseller network which is an important component in our expansion strategy”, says Jens Hamlin, Managing Director at OrganoWood.
For more information, please contact:
Jens Hamlin, Managing Director OrganoWood AB at jens.hamlin@organowood.com or 08-684 001 14
About OrganoClick
OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the water repellent fabric treatment OrganoTex®, the flame and rot-resistant timber OrganoWood® and biocomposite materials. OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start -up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North is Pareto Securities AB.
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