Eddie Stobart Logistics (ESL) has hit back at Wincanton’s claims this week that it has withdrawn its interest in bidding for the company due to a lack of financial information, insisting it gave Wincanton “extensive due diligence commensurate with its status as a strategic competitor”. Wincanton withdrew its interest in bidding for ESL yesterday (25 November), citing concerns about ESL’s “financial performance and ongoing liquidity”. In a Stock Exchange announcement, Wincanton said it had not received “full disclosure of the information […]
Aggregate Industries and Eddie Stobart Logistics partnership brought to abrupt halt; Wincanton to take over the work
Eddie Stobart Logistics (ESL) is to be replaced by Wincanton as logistics partner for Aggregate Industries’ Concrete Products division just over two years into a five-year contract, Motortransport.co.uk has learnt.
More than 400 Argos employees are to strike next week, in protest at the proposed transfer of 96 drivers to Eddie Stobart Logistics.
Wincanton has found home is where the heart is as customers in the DIY and home retail sectors drove growth at the operator. At the same time it has begun surgery to return its industrial and transport division to health.