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New Deal


Announced

Culina Group to acquire GreenWhiteStar Acquisitions from LDG.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Majority

warehousing and distribution

Friendly

Pending

Third Party Logistics (3PL)

United Kingdom

warehousing

Acquisition

Domestic

Synopsis

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Culina Group, a 3rd party food & drinks logistics provider, agreed to acquire GreenWhiteStar Acquisitions, a provider of warehousing services, from Logistics Development Group, a logistics and supply chain company. Financial terms were not disclosed. GreenWhiteStar Acquisitions comprises of Eddie Stobart, Eddie Stobart Europe, iForce, The Pallet Network, and The Logistics People. “GreenWhiteStar Acquisitions and Culina Group are complementary businesses, two very strong organisations with great reputations in the industry and with similar cultures. This is an excellent fit which is going to be fantastic for both our staff and for our clients, whilst making Culina Group the largest FMCG logistics provider in the UK," Thomas van Mourik, Culina Group CEO.

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