21 January 2008 | Jake Kanter
Logistics and supply chain firm Wincanton has bought UK distribution company Hanbury Davies for £25 million.
Wincanton, whose clients include Argos, BASF and Dairy Crest, already owns container terminals in Southampton and Cambridgeshire, but the deal will see their UK presence significantly increase. Hanbury Davies has 21 locations across the country and provides a range of container services for trade coming in and out of all major UK ports.
Wincanton is looking to capitalise on the growing container transport market as retailers and manufacturers extend their global sourcing. According to the company, traffic from the Far East is rising by 12 per cent a year, and sea container volumes are expected to increase by 6 per cent annually.
Martin Taylor, managing director at Wincanton, said the takeover was a chance to strengthen the firm's container activities in the UK and Europe. "In Hanbury Davies, we have found a business that shares our vision and provides a strong cultural fit with Wincanton," he said.