Topco Authorizes Use of SMART Oxo-biodegradable Additive In All Durabag Production
(Wheeling, Illinois) October 27, 2016- Smart Plastic Technologies, LLC, a specialist in the development, production and marketing of unique additives for use in polymers which provide biodegradation, antimicrobial, antifungal and anticounterfeit properties in finished products, is pleased to announce that existing customer Topco Associates has authorized its plastic bag supplier, Durabag, to immediately include SMART Oxo-biodegradable additive in all bags produced for Topco members.
Topco Associates LLC is a privately held $5 billion company that provides innovative business solutions for its food industry member-owners and customers.
With the exception of one California based member, the agreement provides for the exclusive use of the SPT Oxo-biodegradable additive in all carrier bags produced by Durabag for Topco members. Topco provided approximately 10 billion carrier bags to their members in 2015. Production of the bags will be staged on a producer-based basis which will provide a steady increase of business to SPT.
“We are pleased to have reached this milestone so rapidly. We look forward to moving on to the next Topco producer in the immediate future. Soon, the SMART logo will appear on tens of millions of plastic shopper bags.” said Mike Ricciardi, CEO of SPT.