Wincanton has signed a conditional agreement to dispose of the operations of its container business to Maritime for around £1.5m. Net liabilities of approximately £1m, primarily in respect of leased fleet, will transfer to the buyer. After fees and provision for costs of separation, the group expects to report a small exceptional gain on disposal. The group said the transaction will reduce its annual revenue by approximately £60m and will lead to a small increase in the group’s underlying profit […]
This is from Motor Transport Magazine
Wincanton’s bid to be the biggest logistics company, takes another blow as the container business follows the acquisition of P&O’s Trans European operations in failure, they were driven out of chilled food distribution by Culina. Probably the only positive was their failure to buy E. Stobart last year.
plannerman:
Wincanton Containers was previously Hanbury Davies, founded by Glyn Davies. So this kind of brings Russell Davies back together again
They also brought DHL who took over securicor who glyn Davis sold out to prior to that . He brought goodways and loadwell to form hanbury Davis who wincanton purchased at a similar time as buying W Carter haulage . So pretty much all of the bigger players in Felixstowe in the 80s and 90s are now in the hands of maritime along with P&O who gave glyn Davis the trading name of Russell Davis . I’m sure P&O also brought out a family business of mr Davis Victoria haulage comes to mind but just guessing
backload:
Maritime haven’t really bought Wincanton Container Division, they have been given it.
They are paying £1.5 Million for it…!!!
A business that Wincanton paid £49 Million for in 2008.
John Williams must we well pleased, Wincanton just want out of a sector they don’t know how to operate.
Maritime will turn it around in weeks.
Well done John.
I’m sure he only paid a pound each for both DHL and P&O
the maoster:
Just because it’s in Maritime colours don’t automatically assume that an older motor actually belongs to them. There are an awful lot of subbies running them, they are easily identified because they’re the only ones that can actually overtake you! 
I’m not sure they allow subbies to run in the livery
Harry Monk:
Roymondo:
Harry Monk:
I have been told in the past- and I have no way of knowing if this is true- that Maritime’s business model is to buy so many new trucks in one go that they can negotiate a massive discount from whichever manufacturer they go with. They then run these trucks for 6-9 months and sell them for as much or even more than they paid for them meaning that effectively their trucks are free. Certainly this would explain the double full-page ads offering nearly new trucks in every edition of Commercial Motor.
We have a Maritime depot just along the road from our yard, so I see quite a few of their motors from day to day. Most of them are 68 plate so 2 years old. I’ve just spent the last 15 minutes parked alongside a 66 plate, so they certainly appear to be keeping them longer than a few months.
Sent from my VOG-L09 using Tapatalk
Having just checked their used truck website they do seem to have changed tack, and most of the trucks for sale are 16-reg or thereabouts. However when I used to subscribe to Commercial Motor many of the used trucks Maritime offered for sale were still on the most recent registration number, i.e. less than six months old.
Drivers where told every truck is for sale but they aimed to out them at 24-30 months
robthedog:
Poorly 65 plate
Can’t see the issue, a bit of T-Cut and polish good to go, who needs a door to much hassle opening and closing them.
