Wincanton, a European supply chain services provider, has agreed to merge its chilled consolidation activities in the UK with Culina Logistics’ nine distribution centres located across the UK.
Wincanton, a European supply chain services provider, has agreed to merge its chilled consolidation activities in the UK with Culina Logistics’ nine distribution centres located across the UK. The deal is set to expand Wincanton’s service capabilities in the chilled consolidation marketplace.
Wincanton has a 20 per cent stake in the enlarged chilled business, which will be managed and operated by Culina, a provider of chilled and ambient logistics services to the food and drink industry.
Culina’s nine distribution centres achieved combined revenues of some £205 million in the year ended 31 March 2008. Wincanton’s chilled consolidation activities generated operating profits of some £1.3 million and gross assets of some £7.5 million in the same period.
Graeme McFaull, Wincanton CEO, said: “The merger of Wincanton’s chilled consolidation operations with Culina will create a UK leader in the sector, ensuring market-leading levels of service for our chilled consolidation customers.”