Frontier IP Group PLC on Wednesday announced its portfolio company Alusid Limited has signed its first international distribution agreement with Dutch sustainable materials platform FRONT Materials BV.

Frontier said the agreement demonstrates the ‘global potential’ for Alusid’s sustainable wall and floor tiles.

Frontier IP Chief Executive Neil Crabb said: ‘Alusid is helping to address issues around the sustainable use of materials and carbon emissions of concern to consumers and the building industry worldwide.

‘This agreement with Front Materials provides further, strong validation of Alusid’s approach.’

Frontier shares were down 1.6% at 24.31 pence each in London on Wednesday afternoon.

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