Soon Wincanton (WIN) will be responsible for delivering a British favourite to supermarkets. The logistics company recently announced a deal with Weetabix to provide transport, warehousing and co-packing services, effective from February 2019. The new partnership is made up of two separate five-year contracts, and demonstrates Wincanton’s ability to attract new customers while maintaining existing ones.
IC TIP:
Buy
at
234p
Tip style
Speculative
Risk rating
High
Timescale
Short Term
Bull points
​​​​​​New contract win
Brexit resilience
Improving margins
Falling debt
Bear points
High pension and lease liabilities
Weak transport business