Supercart Plc, a Sevenoaks-based supplier of all-plastic shopping trolleys, has acquired certain assets of US trolley manufacturer Rehrig International Corp for up to $1.45 million (£1 million). 

Supercart Plc, a Sevenoaks-based supplier of all-plastic shopping trolleys, has acquired certain assets of US trolley manufacturer Rehrig International Corp for up to $1.45 million (£1 million).

Supercart acquired the assets from Bank of America, Rehrig’s administrators. Mike Wolfe, chief executive of Supercart, stated: “I believe that acquiring the Rehrig assets is an extremely positive development for Supercart and for our expansion into the North American market. We expect to commence deliveries of this range of Rehrig products by 1 July 2009.”

In the six months ended 30 June 2008, Supercart reported an increase in revenue of 26 per cent but a decrease in operating profit of 11 per cent.