STOB.L Regulatory News (STOB)

11 Feb 2009 07:00



STOBART GROUP LIMITED

('Stobart Group' or 'the Group')

Stobart Group signs a three year contract with Danone Waters UK and Ireland Ltd

Eddie Stobart Ltd, part of the Stobart Group, the UK's leading provider of multimodal transport and logistics solutions, is pleased to announce that it has signed a three year contract to provide warehousing facilities to Danone Waters UK and Ireland Ltd ('Danone').

The contract, which is estimated to be worth approximately £12 million in revenue to the Group over three years, will incorporate the storage of around 30,000 pallets or 27 million litres of bottled water a year and includes Danone's Volvic, Evian and Badoit brands. The bottled water will be stored at the Group's major distribution centre at Crick in Daventry. 

Road transport operations for Danone are already carried out by the Stobart Group under an arrangement with James Irlam & Sons Ltd, which was acquired by the Group in March 2008. This warehousing contract brings another element of its multimodal offering. 

Andrew Tinkler, Chief Executive of Stobart Group, said: 

"This contract demonstrates the benefits existing customers can now enjoy through the broader scope of the Stobart Group. The Group was first on the site in Daventry in 1997 and has seen this site grown into one of the UK's major transport and distribution hubs. 

"Stobart warehousing division already occupies in excess of 6m sq ft of state-of-the-art facilities throughout the UK, and this contract is yet another confirmation of our market leader position for value-added services."

11 February 2009

ENQUIRIES: