Nwf Regulatory News (NWF)

6 Jan 2005 07:00

NWF Group PLC06 January 2005 For immediate release: Thursday 6 January 2005 NWF GROUP PLC NEW CONTRACT FOR BOUGHEY DISTRIBUTION PLANNING CONSENT RECEIVED FOR WARDLE SITE NWF Group plc ("NWF"), the diversified sales and distribution business,announces that its wholly owned subsidiary, Boughey Distribution Ltd, has won anew contract with Patak's Food Ltd ("Patak's"). Boughey has been awarded a two-year contract with Patak's for storage anddistribution of their products based at the Boughey warehouse at Deeside,Chester. As part of the agreement Boughey will brand a number of its trailerswith Patak's livery. Following this contract and the previously announcedagreement with HP Foods, the Warehouse at Deeside will be fully occupied by theend of January. NWF also announces that planning permission has been received for buildingfurther warehouses at the Group's main site at Wardle, Cheshire. If fullydeveloped, the site at Wardle would increase its storage by some 80% from itscurrent 45,000 pallets to 82,500 pallets. Additionally the Group has leasedwarehouses in Winsford (12,500 pallets) and at Deeside (19,000 pallets). In the first half of 2005, NWF will undertake studies to determine whether, whenand how to make use of this option. Further announcements will be made as andwhen appropriate. Graham Scott, Chief Executive, NWF commented: "Boughey has sophisticated stockcontrol systems which ensure correct rotation of ambient products and fulltraceability from point of receipt to delivery. Goods are held on behalf of overone hundred customers, both UK manufacturers and importers, and the products aredelivered nationally to the full range of supermarket, wholesale and specialityoutlets. Boughey is increasingly being recognised as a distribution firm ofchoice as can be evidenced by the Patak's contract." He added: "We are pleased to have received planning permission, which willenable us, if we so choose, to develop our site at Wardle and significantlyincrease our warehousing capacity. We will be assessing the various factorsassociated with undertaking this development and will update shareholders in duecourse." - ends - For further information please visit www.nwf.co.uk or contact: Graham Scott, Chief Executive John West/Claire MellyNWF Group plc Tavistock CommunicationsTel: 01829 260 260 Tel: 020 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange