Wincanton has told Eddie Stobart Logistics’ stakeholders to “take no immediate action” following news that ESL has agreed a conditional sale to private equity firm DBAY Advisors. Wincanton is still running the rule over a possible merger of its own with ESL and undertaking a due diligence exercise on its assets. Under the terms of the sale proposal, DBAY would acquire a 51% stake of ESL, with existing shareholders having a 49% interest. It is also proposing an injection of […]
Stobart Group’s plans to partially divest its transport business, creating a new private company Eddie Stobart Logistics, has received the backing of shareholders at a general meeting today.
15) Eric Born, chief executive, Wincanton Eric Born was given the not inconsiderable task of turning Wincanton around, taking on a business that in 2011 plunged to a £26m full-year loss on turnover of £2.2bn. He has delivered.