PHILADELPHIA, July 23, 2012 (GLOBE NEWSWIRE) -- Leading comprehensive procurement solution provider, Procurian, formerly ICG Commerce, today announced its contract with The Sun Products Corporation, a leading North American manufacturer and marketer of laundry and household care products. Through the partnership, which began in 2011, Procurian is helping Sun Products reduce costs and continuously optimize spending in the areas of marketing, logistics, capital and energy services.
"Our goal is to continue to develop, innovate and grow our strong brands in the competitive consumer laundry and household care industry," said Jim Duncan, Senior Vice President Purchasing and External Manufacturing of Sun Products. "By leveraging the infrastructure that Procurian has built to optimize indirect spending, we will add world-class indirect procurement capabilities to our organization, extract more value from key spend areas and realize these benefits faster than we could internally."
Sun Products chose Procurian based on the company's Specialized Procurement Infrastructure™, which infuses teams of dedicated category experts, real-time market intelligence and proprietary technology into a comprehensive spend management process.
"To retain a competitive position, companies continually look for new solutions to propel the business to the next level," said Carl Guarino, chief executive officer, Procurian. "We are excited about partnering with Sun Products to help them create sustainable savings that can be used to fund innovation and power growth."
Sun Products joins a number of other leading consumer product companies including Elizabeth Arden, Kimberly-Clark, Chiquita and Pinnacle Foods who have partnered with Procurian to rapidly deploy a world-class procurement capability that supports their growth objectives. Many companies are using comprehensive procurement solutions to drive the next generation of cost savings, helping to deliver as much as a margin point or more in savings which can be reinvested in marketing and new product innovation or taken straight to the bottom line.
About Procurian, Inc.
Procurian is the leading specialist in comprehensive procurement solutions. Forward-thinking business leaders partner with Procurian to transform procurement and drive sustainable changes to their cost structures. Global industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and Whirlpool, have chosen Procurian to accelerate this transformation. Procurian's built-out Specialized Procurement Infrastructure™ integrates with businesses to optimize spending and deliver real savings that equal a margin point or more. Procurian is an ICG (Nasdaq:ICGE) company. For more information, visit www.procurian.com.
The Procurian, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12383
About The Sun Products Corporation
The Sun Products Corporation headquartered in Wilton, Connecticut, is a leading North American provider of laundry detergent, fabric softeners and other household products. With annual net sales of $2 billion, the Company's portfolio of products are sold under well known brands that include all®, Snuggle®, Wisk®, Sun®, Surf® and Sunlight®. In addition, Sun Products is the manufacturing partner for many retailer brand laundry and dish products in North America. For more information visit: www.sunproductscorp.com.