Norbert Dentressangle (ND) says it has invested more than £1m in a new shared-user site at Rugby, to serve as an NDC for Continental Tyre Group. The new 212,000ft² facility, located in Prologis Central Park just off J1 of the M6, will also store products from fellow ND customer Bridgestone UK, which currently occupies around 60% of the available capacity. ND has worked with Continental since 2006 and handles storage and distribution of tyres to retailers and fitters throughout the […]
Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business.
Norbert Dentressangle (ND) has revealed a first-half consolidated revenue increase of 13.3% to €1.9bn (up from €1.7bn in the same period last year) despite struggling with volumes. Like-for-like growth remained flat, dipping by 0.2% compared with H1 2011, which ND attributes to a sharply deteriorating European economy during the second quarter. ND’s transport division took a 1.3% hit on a like-for-like basis (consolidated revenue is up 7.7% to €1bn), which the company says is due to a sluggish economy, with […]
Richard Morson, the former finance director at Norbert Dentressangle, has joined Bibby Distribution in the same, newly-created, role. Bibby has created a finance director position to strengthen its senior management – Morson was also formerly group financial controller at TDG and has 11 years experience in the industry. “[Morson] is an advocate of the importance of finance as a value added service to the business through active business partnering,” said Paul Cullingford, chief financial officer at Bibby. “He also has […]