Wincanton is to merge its chilled activities in the UK with Culina Logistics. The agreement, which will take effect from 28 March 2009, will cover Wincanton's Trafford Park and Gloucester multi-user sites and include associated third-party transport contracts. The enlarged business will be majority-owned, managed and operated by Culina. Wincanton will receive a 20% equity stake.
Thomas van Mourik, Culina chief executive, adds: "Over the next few weeks, we will finalise the planning and commence the implementation of our expanded operational strategy - the primary aim of which is to ensure that all our current and prospective customers continue to benefit from market-leading levels of service."
Graeme McFaull, Wincanton chief executive, says: "The agreement will enable our chilled customers to benefit from best-in-class warehousing and transport services."
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