Norbert Dentressangle SA: Re Joint Venture
Norbert Dentressangle joins forces with Danone to provide fresh product
logistics in Russia
Norbert Dentressangle has entered into a 50/50 Joint Venture with the Danone Group to offer temperature-controlled logistics and transport of fresh products across Russia.
The new company, which will benefit from Norbert Dentressangle's logistics and transport expertise and experience, will be responsible for the distribution of Danone's dairy products within Russia and aims to improve productivity and service levels. In addition, the JV will also offer its full range of logistics services to manufacturers and distributors right across Russia.
With an estimated annual turnover of approximately €60M, the company will employ 300 people.
This new venture allows Norbert Dentressangle to extend its temperature-controlled logistics activities into a new growth market and establish a solid foundation for the future development of its Russian logistics and transport activities.
About Norbert Dentressangle:
Norbert Dentressangle is an international transport, logistics and freight forwarding company, with annual turnover of €3.9 billion in 2012. Norbert Dentressangle develops high added value solutions in its three sectors, across Europe, America and Asia, and placessustainable development at the heart of all its activities. It is established in 26 countries, employs 32,500 people and generates 59% of its turnover outside France. Norbert Dentressangle, which is listed on the CAC Small et CAC All Tradable, is headed by Hervé Montjotin.
NYSE Euronext Paris (Category B) / NYSE Euronext London, GND, Code: ISIN FR0000052870
Norbert Dentressangle Communication Senior Vice-President Thierry LEDUC - Tel.: +33 4 72 83 66 00 Email: firstname.lastname@example.org
Publicis Press Relations Nathalie BELLOC - Tel.: +33 1 44 43 77 12 Email: email@example.com
-0- Jul/09/2013 15:37 GMT