Copenhagen, 2015-10-02 15:15 CEST (GLOBE NEWSWIRE) -- Announcement no. 81
DFDS and Magnavale Group have today entered into a long term distribution partnership covering temperature controlled distribution services related to cold stores located in the UK.
With effect from 5 October 2015, DFDS will take over all distribution services from two stores in Chesterfield and Scunthorpe and employees currently operating the services will transfer to DFDS. In January 2016, the transport activities of further stores will be transferred. The annual revenue of the contract is expected to reach DKK 80m (GBP 8m).
The new services complement DFDS’ existing temperature controlled logistics in the UK operating from Peterborough, Grimsby, Belfast and Larkhall. Integration of the distribution services into the existing services is expected to yield operational synergies and improve the service offering to both new and existing customers.
Contact:
Niels Smedegaard, CEO
+45 33 42 34 00
Torben Carlsen, CFO
+45 33 42 32 01
Søren Brøndholt Nielsen, IR
+45 33 42 33 59
