LONDON (ShareCast) - Supply chain solutions provider Wincanton has agreed to merge its chilled consolidation activities in the UK with Culina Logistics with effect from 28 March 2009. 

Wincanton will retain a 20% equity stake in the enlarged business, which will be managed and operated by Culina, a chilled logistics solutions provider to the food and drink industry. The transaction is expected to be broadly earnings neutral in the first year.

The agreement covers activities at Wincanton’s Trafford Park and Gloucester multi-user sites and outbases, as well as the associated third party transport contracts.

On a pro-forma basis, the combined business achieved revenues of approximately £205m in the year ended 31 March 2008. 

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