Wincanton Purchase of Rival 'Rewarded'

The JournalJune 11, 2004

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Summary


Logistics group Wincanton yesterday said a business-changing deal to buy a rival for pounds 152.5m had been rewarded with an 8pc rise in underlying profits.

The group, whose 2002 acquisition of Trans European from P&O consolidated its number two position in the UK market, said it was happy with progress so far.

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Extract


Wincanton Purchase of Rival 'Rewarded'

Pre-tax profits before exceptionals rose to pounds 30.6m from pounds...

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