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Wincanton announces key contract wins and renewals in management statement

Wincanton has issued an Interim Management Statement for the period from October 2011 to February 2012. The statement said that that the company has "continued to trade in line with its expectations" during the period.

The company announced it has secured a major contract with retailer Asda and new contracts with SuperGroup, Premier Foods, Chevron, B&Q and Thames Water. Wincanton also announced contract renewals with WHSmith, Husqvarna and Procter & Gamble.

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."

In addition, Wincanton announced the refinancing of its main bank facility in January, following the completion of the disposal of its Mainland European business.
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Source: Wincanton


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