Logistics business
15 August 2011

Wincanton announces the disposal of its remaining operations in Mainland Europe

Wincanton, the leading provider of supply chain solutions, has signed a conditional agreement for the disposal of its remaining operations in Mainland Europe to Rhenus AG & Co. KG via the disposal of Wincanton’s Mainland Europe Holding Company.

The Disposal operations comprise Wincanton’s German Intermodal and Contract Logistic activities, which operate from 38 locations, and Wincanton's businesses in France, which provide contract logistics and transport services and operate from 30 locations. Collectively, these businesses employ approximately 3,000 employees who will transfer to Rhenus upon completion of the Disposal.
Completion of the transaction will mark the exit of all of Wincanton’s Mainland Europe activities.

Eric Born, Chief Executive, Wincanton commented: “The sale of our remaining businesses in Mainland Europe to Rhenus will enable us to focus on developing our leading position in the UK market, where we have greater scale and see significant potential for profitable growth. Rhenus has a strong reputation in the European market and the addition of these businesses to its portfolio will build on its leading position in intermodal services and contract logistics. Over the next few weeks, we will work together to ensure that service levels to our customers are maintained during the transition period. I would like to personally thank all of my colleagues in these businesses for their hard work and contribution to Wincanton over the years.”

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