Coral close to signing 10-year deal with online retailer

PACKAGING company Coral Products has said it is on the brink of signing a 10-year contract to supply tote boxes to an online retailer, worth £8m in the first two years alone.

The AIM-listed Haydock-based company said that discussions for the supply of tote boxes for four new managed sites of an unnamed online retailer are at an advanced stage.

From June 2014 it will supply a range of totes to support the online retailer’s growing presence in the advanced logistics and the online fulfilment sector.