Logistics group Wincanton pleased investors as it extended a long-running contract with drinks giant Pernod Ricard.
Wincanton, a former FTSE 250 member now in recovery mode, has been awarded a five-year extension to its warehousing and distribution contract for the UK.
As part of the contract renewal Wincanton will handle more than 7.0m cases per year from its bonded warehouse facility in Corby, Northamptonshire.
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Wincanton will be responsible for labelling and repackaging of bottles, with Pernod's brands including Absolut vodka, Chivas and Jameson whisky, and Jacob's Creek.
The warehouse team will also engage in product customisation, including repackaging bottles into gift boxes as well as building of point of sale display units for retail.
Wincanton Chief Executive Eric Born said the contract renewal "underlines our ongoing commitment to continuous improvement and seeking to unlock further potential in our customers' supply chains".
Phil Corfield, Operations and IT Director at Pernod Ricard UK, praised Wincanton's "excellent customer care".
He said: "Throughout our relationship, we have welcomed the Wincanton team's commitment to adding value and finding even more efficiencies in our supply chain through use of the latest technologies and processes."
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