Wincanton has signed a conditional agreement to dispose of the operations of its container business to Maritime for around £1.5m. Net liabilities of approximately £1m, primarily in respect of leased fleet, will transfer to the buyer. After fees and provision for costs of separation, the group expects to report a small exceptional gain on disposal. The group said the transaction will reduce its annual revenue by approximately £60m and will lead to a small increase in the group’s underlying profit […]
Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m.
Nicholson Group owner David Nicholson says he has no regrets leaving the pallet distribution sector where he maintains margins are too low.
Wincanton has won a three-year renewal with long-term customer Asda to provide transport and warehousing.