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Wincanton acquire Premium Logistics

Wincanton has acquired the principal French operations of Premium Logistics for approximately E24m.

Combined with the supply chain management company's Strasbourg-based activities, the move will allow them to serve their customers in the UK and continental Europe.

The enlarged company will operate from 29 sites across France and its pro-forma annual turnover will be approximately E150 million.

Wincanton chief executive Paul Bateman said: "This acquisition significantly strengthens our operational capabilities and customer portfolio in the important French market."

The substantially broader business base will include Premium Logistics' contracts with leading retailers of grocery, DIY and home furnishing products and manufacturers of automotive, chemical and lubricant products.

Bateman added: "It reinforces our commitment to our strategy of combining leadership in national markets with strong cross-border, regional and pan-European capabilities."

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