Weather hits logistics firm
24 August, 2007
Logistics company Christian Salvesen said its UK logistics business had been hit by wet weather in July, in an update this week.
This business, which processes and stores frozen vegetables for customers, suffered wet weather, severely affecting crops that are harvested during the summer, it said. However, overall trade was broadly in line with expectations, which are weighted to the second half of the year in the financial year-to-date, it added.And the company announced it had sold its frozen vegetable business, Christian Salvesen Foods, to Belgian vegetable company Pinguin Foods UK for around £17.2m, payable at completion.The transaction is expected to close in mid-September following employee consultation.