Wincanton is to sell its records management business (WRM) to market specialists Restore for £60m after signing a conditional agreement. WRM has provided document storage and shredding services across the UK and Ireland for over 14 years and currently employs 167 people. For the year ending 31 March WRM generated EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) of £5.4m on a turnover of £22.4m. It had gross assets valued at £22.2m. Wincanton said that the disposal would allow it […]
“It’s been a bit of a rollercoaster start,” James Wroath laughs, as he begins describing his first five months as chief executive of Wincanton.
Wincanton has sealed a five-year deal with Majestic Wine to set up a national fulfilment centre (NFC) at its shared user site in Greenford which will process 40% of the wine merchant’s online orders.