Hellmann Worldwide Logistics’s future secured

Hellmann is the new European partner for Pallet-Track

Hellmann Worldwide Logistics appears to be out of the woods after its German parent company completed its delayed refinancing exercise. The parent company has been in protracted negotiations with 11 funding partners to refinance a €159m (£125m) loan, which makes up 40% of the group’s total loans, for more than a year. Delays to the refinancing, which saw it breach two deadlines in August 2015 and May this year, prompted independent auditor Graham Neale to flag up his concerns about […]