M2 Formulex introduces AgroResin™ Biodegradable trays to North America

Toronto, Canada based M2 Formulex Inc. (M2) and its U.S. affiliate MarketOps, Inc. (MarketOps), are delighted to announce the introduction of AgroResin™ 100% Biodegradable Food Packaging to the North America market.

AgroResin™ food packaging trays are 100% Biodegradable, 100% Compostable and non-GMO. Developed by Singapore-based Grenidea Technologies Pte Ltd. (Grenidea), the trays are made from fibrous biomass (i.e. Palm Fiber), after extrusion of the oil from the palm fruit bunch.

M2 and MarketOps, together being Grenidea’s exclusive North American Sales and Marketing agents, identified the critical importance of establishing domestic distribution for Grenidea’s products. This need was recently fulfilled with the signing of an exclusive Master Distributorship Agreement between Grenidea and NNZ USA Inc. (NNZ), a leading global packaging distributor with a special focus on agricultural and industrial sectors.

Steve Johnston, M2’s Manager of Business Development stated, “With product manufactured overseas, it’s crucial to line up distribution domestically, in order to significantly reduce order turnaround times. The lead time on overseas orders can be as high as 8-10 weeks. Bringing on a first-class organization such as NNZ, we will be able to reduce lead times to a matter of days.”

NNZ has seven strategically located warehousing facilities across the United States and will inventory product according to customer needs. Mr. Johnston added, “NNZ will offer customers the ability to reduce order minimums, while maintaining competitive pricing through product consolidation, as well as the high level of customer service that customers have come to expect from NNZ.”

In addition to AgroResin™ packaging, M2 has introduced NNZ to 100% Biodegradable Cling Film, which can be utilized in combination with the AgroResin™ trays. The combination of AgroResin™ biodegradable trays and biodegradable cling film, will allow NNZ to promote a “complete” biodegradable packaging solution to their customer base.

About M2 Formulex Inc.

Headquartered in Toronto, Canada and having affiliate offices in New York and Minnesota, M2 is a leading provider of Sales/Marketing, Business Development and Applications Development services to food, beverage, ingredient, packaging, and nutraceutical companies globally. For additional information please contact Steve Johnston, M2 Formulex Inc. at Tel: 905-760-1176, Ext. 223, or visit www.m2formulex.com.

About NNZ USA Inc.

NNZ is a leading organization in the world of packaging for the agricultural and industrial sector. NNZ undertakes extensive market and product research, and continually anticipates market development trends. For additional information please contact Steve Greenfield, NNZ USA Inc., at Tel: 770-921-9210, or visit www.nnzusa.com.

Grenidea Technologies Pte Ltd.

Grenidea is an environmental technology company engaged in the development of eco-friendly material that enables companies to produce natural and biodegradable products. Grenidea strives to provide practical and innovative solutions which have a positive impact on the environment.

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