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Contract Wins and Joint Ventures

Wincanton wins four-year contract with Ikea

21 December 2016 09:38

Wincanton has won a four-year contract with IKEA, the largest home retail brand in the UK, to provide operational development and support of two new distribution centres which are intended to support the retailer's multi-channel distribution growth strategy.

The deal will support IKEA's e-commerce growth strategy and will see Wincanton lease and fit-out the warehouses on their behalf with a combined space of over 500,000 sq. ft. in locations both North and South of the River Thames.

The new facilities will create an efficient and reliable operation which will support IKEA's future growth plans.

At 9:38am: (LON:WIN) Wincanton PLC share price was +6.13p at 237.38p

Story provided by StockMarketWire.com

Related Company: WIN

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