Wincanton has agreed to acquire 100 per cent of the shares in Caledonia Bidco Limited, the holding company of Cygnia Logistics Limited, from Crescent Capital.
Founded in 1990, Cygnia provides eCommerce fulfilment and related services to a range of businesses including Feelunique, Molton Brown, Moonpig and Whittard of Chelsea. It employs some 700 staff across four UK sites.
Cygnia will continue to operate as a brand within the broader Wincanton Group, enabling the combined business to leverage Cygnia’s reputation as a mid-market multichannel fulfilment provider, alongside Wincaton’s reputation in eCommerce supply chain services.
Separately Wincanton has appointed Carl Moore as its managing director of digital & fulfilment. Moore will take up the role from January 2022 and was most recently chief commercial officer with Clipper Logistics.
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