Supply chain services providers Wincanton has disposed of its German Road activities businesses in Central and Eastern Europe and logistics operation in The Netherlands as part of a €46.5 million (£41.4 million) with Raben and JCL.

Supply chain services providers Wincanton has disposed of its German Road activities businesses in Central and Eastern Europe and logistics operation in The Netherlands as part of a €46.5 million (£41.4 million) with Raben and JCL.

The sale follows the decision by Wincanton to reduce its debt levels.

Wiltshire-headquartered Wincanton has secured separate agreements which will see its 16 locations in Germany sold to American-based Raben for €36 million. The deal consists of the German sites and Wincanton’s businesses in Poland, Hungary, Czech Republic and Slovakia.

Austrian-based JCL Transport and Logistik, which provides supply chain services, is to pay €10.5 million for Wincanton logistics services in The Netherlands, an operation which provides warehousing and transport services from five locations.

The two continental deals come after Wincanton reported operating losses of €6.5 million after exceptionals for the year to 31 March 2011.

Wincanton chief executive, Eric Born, says the disposals are part of Wincanton’s strategy to focus more closely on areas where it has significant scale and strong growth potential.

Born adds: ‘We will work closely with Raben, JCL and our customers to maintain a high quality of service and ensure a smooth transition period.’

According to a statement the combined activities being disposed of generated revenue of €446 million, and operative losses of €600,000 for the year ended 31 March 2011.