In April US 3PL XPO Logistics surprised the European logistics market with an unsolicited €3.24bn (£2.3bn) offer for French giant Norbert Dentressangle (ND). With the deal, in essence, completed last week ND chief executive Hervé Montjotin, now chief executive of XPO’s European business, told MT that the offer was a “golden opportunity”. While ND in the UK is a €1.3bn concern, the combined ND and XPO – which will trade solely as XPO Logistics – will have 52,350 employees at […]
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 […]
Suttons Group looks set to flex its financial muscles under the leadership of new MD John Sutton and is looking at acquisition targets in the UK food supply chain market.
SDC Trailers has been acquired by Chinese trailer manufacturer CIMC Vehicles for an undisclosed sum.