Wednesday 26th Oct 2016 - Logistics Manager

Asda win for Wincanton

Wincanton has reported a major win with Asda as well as new contracts with SuperGroup, Premier Foods, Chevron, B&Q and Thames Water, in its interim statement for the period from 1st October last year.

It said the business wins demonstrated momentum in its new business pipeline across different industry sectors.  In addition, it said it had continued to secure renewals including WHSmith, Husqvarna and Procter & Gamble.

Trading over the period was in line with expectations, it said.

During the period Wincanton completed the last disposal in the strategic withdrawal from its Mainland European businesses which will allow Wincanton to focus on developing its leading position in the UK & Ireland markets.

Wincanton announced the refinancing of its main bank facility in January following the completion of the disposal above.  The refinancing saw a diversification of Wincanton’s capital structure and a much improved maturity profile of its debt.