Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world. The deal will also mark the end of one of the most prominent family names in European logistics with XPO intending to rebrand the acquired operations under a single global name: XPO Logistics. […]
Pall-Ex has reignited its European expansion push and will have almost doubled its existing network on the continent by early next year.
Norbert Dentressangle has won a warehousing and distribution contract with Villa Soft Drinks. The deal involves ND making daily collections from Villa’s Bradford headquarters, with products stored at Norbert’s Wakefield site in advance of distribution. ND will provide a mix of dedicated services while some loads will be integrated into its shared-user network. Villa manufactures a range of branded bottled water, juice, carbonated drinks, including major brands Hadrian Spring Waters, Fruit Jet and Bolt Energy Drink.
They told us it would happen: in April 2012, advisory firm KPMG predicted a flurry of mergers and acquisitions in the logistics and distribution sector during the year… and that’s exactly what we got. Top of the pile in terms of the most noteworthy was undoubtedly the UPS/TNT Express merger announced in March and set to create a £37bn turnover logistics giant. The takeover was described at the time by TNT Express chief executive Marie-Christine Lombard as a move that […]