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Robert.Jervis_43227 Oct 05

Maritime to acquire Wincanton’s container logistics business

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Combined business will have a road fleet of 2,000 trucks & 3,000 employees
Maritime Transport has agreed terms to acquire Wincanton plc’s container transport business, Wincanton Container Logistics. The move follows a strategic review of Wincanton’s business and its decision to focus on its core activities.

Formed in 2008, when Wincanton acquired Hanbury Davies and CEL Group in the same year, Wincanton Container Logistics provides container transport and ancillary services to shipping lines, freight forwarders and cargo owners, which complement Maritime’s own extensive service range.

Under the deal, all employees and assets will be transferred to Maritime and Maritime will continue to work with Wincanton as a strategic partner supporting a number of Wincanton’s customers’ international supply chains. The combined business will create a road fleet of 2,000 with 3,000 employees, based throughout the UK.

John Williams, Chairman, Maritime Group commented:

“We are delighted to have agreed terms with Wincanton to acquire its container transport business, Wincanton Container Logistics. We welcome the staff and drivers and look forward to building our capability in the container transport sector and relationships with its customers.

"The purchase of Wincanton’s container transport interests is an exciting development which will strengthen Maritime’s capability in the container transport sector, our role in the wider international supply chain and support to our customers and suppliers.

"It represents our third major container transport acquisition in the last 10 years, after DHL and Roadways, and will cement our position as the largest container transport company in the UK, creating a combined fleet of 2,000 vehicles.

"In addition to the road-based business, we will be taking on Wincanton Container Logistics’ rail commitments – a daily train from Felixstowe and Southampton, into Hams Hall, increasing our intermodal activity to nine daily rail services in just 18 months."

In a regulatory filing, Wincanton announced that the operations will be sold for a consideration of approximately £1.5m.  Net liabilities of approximately £1m, primarily in respect of leased fleet, will transfer to the buyer