• Swindon & Wiltshire M&A, deals
• Tuesday April 23 2024
• Author Name: Peter Davison

Wincanton wins JD Sports distribution deal

Logistics giant Wincanton has won a major distribution deal with retailer JD Sports.

The Chippenham-based haulier will manage the retailer’s national transport operations, transporting stock from its distribution centres to its 560 retail stores.

Around 230 staff, comprising of those in driver, management and outbase roles, will transfer from the previous service provider to join Wincanton’s team of over 20,300 colleagues as part of this new partnership.

Rachel Gilbey, MD of general merchandise at Wincanton, said: “We are delighted to be chosen as the transport partner for JD Sports, building on Wincanton’s capability in retail store transport.

“The partnership will provide JD Sports with a platform for growth, supporting the strategy to become the leading global sports fashion powerhouse.

“We look forward to welcoming our new colleagues to Wincanton.”

Wincanton is currently the subject of a takeover deal. Two weeks ago shareholders voted overwhelmingly in favour of a proposed £750 million acquisition by GXO Logistics Inc.

In January European logistics firm Ceva made a bid for the company at 450 pence per share. In March, GXO came in with a counter offer of 605 pence per share – which values the company at approximately £753 million.