Wincanton is running the rule over a possible merger with Eddie Stobart Logistics (ESL). In a Stock Exchange announcement Wincanton said it is “currently undertaking a diligence exercise on Eddie Stobart and its assets, in order to enable it to assess the potential merits of a combination. “No proposal has been made by Wincanton to Eddie Stobart as to the terms of any potential offer, and there can be no certainty that any offer will be made to Eddie Stobart […]
Wincanton and Eddie Stobart merger a “logical” match, says CEO James Wroath as he unveils group’s half-year results
There is an “industrial logic” to Wincanton merging with Eddie Stobart Logistics (ESL), Wincanton’s new chief executive James Wroath told analysts at the launch of the group’s latest half-year results.
Wincanton has told investors that its full year turnover will be lower than 2018’s, after the late start of a number of new contracts failed to offset its exit from several low margin deals.
Wincanton is set to offer its customers a wider choice of delivery options after forging a partnership with technology provider Sorted.