Culina Group has acquired Great Bear Distribution for an undisclosed sum, effective from today (1 March) in a move that significantly expands the ambient network of the temperature-controlled specialist. The two businesses said that together it would have a combined turnover of some £400m, with Culina contributing £240m to that total (incorporating its Integrated Packing Services subsidiary and its 50% joint venture CML Fulfilment and Logistics) and Great Bear contributing £150m. In the most recent set of accounts filed at […]
FedEx’s €4.4bn (£3.4bn) takeover of TNT Express is set to complete later this month, just over a year since the parcel giants announced the deal.
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
We’re not sure if this particular Peperami broke out of the back of this vehicle or is waiting to hijack it. But either way, the picture aptly illustrates the award of a contract to food logistics specialist Culina for UK distribution of the well-known meat snacks.