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Logistics firm First Line splits after Coke contract lossJosh Brooks, 11 November 2009Be the first to comment on this article Logistics firm First Line Contracts, which operates a small number of packaging services, has been split up after it fell into administration due to the loss of a contract to manage Coca-Cola vending machines. The company, which had turnover of £9m in its most recent accounts and employed more than 200 staff, went into administration with London-based accountancy firm David Rubin & Partners on 30 October. Joint administrator Henry Lan told Packaging News that around half of the operation was subsequently sold to DHL, the logistics giant to whom First Line had lost the contract with Coca-Cola Enterprises. The balance of the group’s operations have been sold to WT SeaAir, another major player in the global logistics and supply chain arena. Lan said that of 208 employees across the company’s five transport hubs in the UK at the time of its administration, some 27 have been made redundant. He added that packaging was a “small part” of First Line Contracts’ business as it is primarily a logistics firm. The company’s website says that it offers pre-retailing pick and pack operations and also supplies patented inflatable packaging. Click here for today’s headlines from across the packaging industry Speak Your Mind |
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