Release Date: 28 January 2008
Release ID: 957
Leading European supply chain provider, Wincanton, has today announced the acquisition of Felixstowe based Hanbury Davies Ltd, a UK market leader in container operations.
The deal strengthens Wincanton’s position within the growing container transport market and complements its existing global transport capabilities.
Hanbury Davies has 21 locations across the UK, employs a workforce of 780, and operates 480 vehicles. With a customer portfolio that includes key freight forwarders and shipping lines, it provides a range of container services that enhance the efficiency of both inbound and outbound product flows through all major UK ports.
Over the past two years, Wincanton has developed a presence in the container logistics market with the addition of terminals at Alconbury and Southampton. As retailers and manufacturers extend their levels of global sourcing, traffic from the Far East is growing at 11% per annum and sea container volumes are expected to continue to rise by 6% each year.
The Hanbury Davies transaction represents the latest in a series of in-fill acquisitions which are enhancing Wincanton’s current profitability, broadening its business base and generating incremental opportunity for medium and longer-term growth.
Commenting on the acquisition, Martin Taylor, Managing Director, Wincanton, says, “The considerable strengthening of our container activities in the UK complements our market leading intermodal business in mainland Europe and extends our offering for our existing customer base. In Hanbury Davies, we have found a business that shares our vision and provides a strong cultural fit with Wincanton.”
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