Wincanton reconsiders
11th June 1992, Page 7
11th June 1992
Page 7
Page 7, 11th June 1992
— Wincanton reconsiders
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• Wincanton is considering pulling out of its loss-making £25m turnover European distribution business.
Parent company Unigate, which revealed its year-end results on Tuesday, last year invested between 2.15m and £20m in Wincanton and now plans outright purchase of vehicles for the Texaco contract.
Wincanton Distribution, which now includes Unigate Chilled Distribution, achieved operating profits of 2.11.4m, up 18% from £9.7m.