Norbert Dentressangle has signed an agreement with MGF to purchase the business
assets of nine logistics warehouses
Today, Norbert Dentressangle announced that it had signed an offer to purchase
the logistics assets of MGF, a subsidiary of the G7 Group; these consist of
nine warehouses in France.
With a combined total storage area of 174,000m2, and located mainly between the
Paris Area, Northern France and the urban areas of Lyon, Toulouse and Marseille
these nine warehouses, specialising in logistics services for the Retail, FMCG,
Textile and Industrial sectors , generates annual revenues of around €26
million and employs 272 people.
The purchase of these assets will become effective by 15 July at the latest.
Hervé Montjotin, Chairman of the Executive Board, made the following comments
on this planned acquisition: "This transaction is in keeping with the planned
expansion of our logistics operations in France, as it enables us to boost our
ties with major long-standing customers, and paves the way towards new
commercial successes.
Norbert Dentressangle has chosen to invest in France, to consolidate its
market-leading position in this, its traditional market, and to enable further
growth in the Industrial, Retail, FMCG and Textile sectors. As this transaction
is in keeping with planned expansion, Norbert Dentressangle is in a position to
guarantee the future of the jobs at all the purchased facilities".
About Norbert Dentressangle:
Norbert Dentressangle is an international transport, logistics and freight
forwarding company, with annual turnover of €4 billion in 2013. Norbert
Dentressangle develops high added value solutions in its three sectors, across
Europe, America and Asia, and places sustainable development at the heart of
all its activities. It is established in 26 countries, employs 37,700 people
and generates 60% of its turnover outside France. Norbert Dentressangle whose
CEO is Hervé Montjotin is listed on the CAC Small & CAC All Tradable.
NYSE Euronext Paris (category B) / NYSE Euronext London, Code GND - Isin
FR0000052870
www.norbert-dentressangle.com
Contacts :
Norbert Dentressangle DGM Conseil
Directeur de la communication Relations Presse
Thierry LEDUC - Tel :+33 4 72 83 66 00 Olivier Labesse - Tel :+33 1 40 70 11
89
Email :
thierry.leduc@norbert-dentressangle.com Email :labesse@dgm-conseil.fr
Thomas de Climens - Tel :+33 1 40 70 11
89
Email :thomasdeclimens@dgm-conseil.fr
Hugues Schmitt - Tel :+33 1 40 70 11 89
Email :h.schmitt@dgm-conseil.fr