Wincanton sale sees directors exit and brand likely to disappear

Wincanton’s executive directors James Wroath and chief financial officer Tom Hinton will remain on the Board.

The Wincanton brand probably also will disappear and be replaced by GXO Logistics.

GXO's bid was an enterprise value of approximately GBP960 million and GXO hopes the acquisition will help it in the aerospace, utilities, industrial and healthcare sectors in the UK and in Ireland, and provide GXO with a better springboard into Europe.