LONDON--Pallets manufacturer RM2 International SA (RM2.LN) said Thursday that retailer Loblaw Companies Ltd., has begun accepting RM2 pallets in its supply chain network.

RM2 said it will continue to work with Loblaw to further implement a program of pallet deployment in the coming years.

RM2 shares at 0830 GMT up 1 pence, or 3.7%, at 36 pence, valuing the company at GBP141.2 million.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

March 17, 2016 04:48 ET (08:48 GMT)

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