Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC). The £17m buyout was lead by MD Colin McCarthy and will see the company’s founder and chairman Wilson Barrett retire. Barrett founded the company in 1989, and kept it going when it entered into a CVA in 2008. “He had £470,000 to pay, and over the next three or four years he paid off every penny of it, because that’s the mark of […]
East Trans has won a contract with a medical supplies company after investing £1.6m in a new 40,000ft² high-bay warehousing facility.
Wincanton has won a multi-million pound, five-year contract to set up and run a new DC in London for supermarket giant Morrisons. The deal will see Wincanton handle transport and warehousing for Morrisons from a 100,000sq-ft cross-dock facility to open in Feltham, west London early next year. The Feltham DC will be Morrisons’ first in London to be dedicated to serving its “M Local” convenience stores. It recently announced plans to open 20 new M Local stores across the UK […]
Norbert Dentressangle has reported higher-than-usual demand for storage space within its shared user network in recent months, suggesting it could be indicative of an upturn in the economy.