LONDON -(Dow Jones)- Distribution group Wincanton PLC (WIN.LN) said Thursday it has signed a three year agreement with supermarket J Sainsbury (SBRY.LN) to provide warehousing and distribution services in London.
MAIN FACTS:
-No financial details disclosed
-The agreement will see Wincanton expand operational footprint with Sainsbury's to now include the Thameside Distribution Centre (DC) in South East London.
-Wincanton currently manages Sainsbury's distribution centre in Greenford, West London and, from the early part of 2013, will manage the logistics operation for most Sainsbury's Local stores across London.
-Wincanton shares at 0752 GMT, up a penny, or 0.01%, at 45.5 pence valuing the company at GBP55 million.
-By Rory Gallivan, Dow Jones Newswires; 44-20-7842-9411; rory.gallivan@dowjones.com
(END) Dow Jones Newswires
May 17, 2012 04:08 ET (08:08 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.