OrganoWood signs distribution agreement with Sarokas Oy.
OrganoClick's subsidiary OrganoWood manufactures and markets eco-friendly fire and rot protected wood and wood treatment products. In order to increase sales and availability on the Finnish market OrganoWood has signed a distribution agreement for the sales, distribution and marketing of OrganoWood® modified wood in Finland. The Finnish partner is Turku-based Sarokas Oy, one of Finland's largest privately owned building supply chains.
OrganoWood® grows significantly in Finland and 2016 was a record year with even greater volumes than before. In order to grow even further and to increase the level of service in Finland OrganoWood has now entered into this distribution agreement. Sarokas Oy has over the years been OrganoWoods largest customer in Finland and have a distribution that covers the entire country. The agreement means that OrganoWood® receives an immediate presence in Finland since Sarokas will stock the entire range of OrganoWood®s products for reselling to other building suppliers. This means that lead times for delivery to end customers will be shortened considerably.
Since 2012, OrganoWood®-modified wood has been manufactured and marketed in Sweden. In the Finnish market, the products have been available since 2014. The modified timber, available both as decking and cladding, has an effective flame and rot protection and a unique water repellent technology. 2014 OrganoWood®-modified wood won the Nordbygg gold medal for "the hottest building material of the year" and the company's wood protection systems were the first wood products in Sweden to be awarded the Swedish Society for Nature Conservation environmental labeling "Good Environmental Choice".
- "It will be an interesting journey we will do together with Sarokas in Finland. It is fun to have a distributor who is so dedicated to promoting and selling OrganoWood®s products." says Jens Hamlin, CEO OrganoWood.
OrganoWood® is an eco-friendly alternative to the traditional "green" pressure treated decking timber and recommended by the Swedish Byggvarubedömningen and SundaHus. The area where OrganoWood® meets the highest growth right now is the façade cladding. The non-toxic, finished cladding, which requires minimal maintenance and blends into nature with its beautiful silver gray shade, has seen a strong increase in popularity in 2016 and in the beginning of 2017.
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 Erik Penser Bank.
The information in this press release contains information that OrganoClick AB (publ) is obliged to release according to the EU's market regulation law number 596/2014. The information was published, of the contact person above, 24th of February 2017 at 11:00.