Milan, Italy, 5 November 2015 – CEVA Logistics, one of the world’s leading supply chain companies, and Pellegrini, the leading Italian services supply company – including catering, food supply, voucher, vending, cleaning and integrated services – have agreed a 5-year contract for in-house warehouse management at Pellegrini’s Peschiera Borromeo facility, near Milan.
CEVA will manage a warehouse of 8,500 square meters which will store and handle fresh, frozen and non-food products. Specifically, CEVA will manage approximately 2,500 product lines and will handle 300,000 pallets, equivalent to 6 million pieces per year.
This new approach being implemented by CEVA will provide Pellegrini with maximum warehouse efficiency management and will optimize the product distribution flow.
“We have chosen to rely on CEVA for our hub management because we believe we will gain real efficiency improvements in our warehouse through the market-leading skills and experience CEVA has developed in our sector. This decision will allow us to accelerate our growth plans and we believe that CEVA is the right partner to support us. From our partnership, we expect concrete benefits in terms of flexibility, quality, service levels, punctuality and cost saving," commented Fabio Broglia, Director of Pellegrini Central Food division.
“We are proud to have signed this deal with Pellegrini, an example of Italian excellence with a strong leadership in its market. We will ensure the company has real, tangible support for its development by providing them with innovative and best-in-class logistics flow management" stated Alberto Mariani, Sales Director of CEVA Italy.
This new partnership marks a further step by CEVA in its plan to facilitate and support the growth of Italian entrepreneurship, through providing excellence in logistics solutions which are dedicated to SMEs.
Emiliano Taccini, CEVA
+39 02 89230 571
Cathy Howe, Pilot Marketing
+44 (0)208 941 5381
CEVA - Making business flow
CEVA, one of the world’s leading non-asset based supply chain management companies, designs and implements
industry leading solutions for large and medium-size national and multinational companies. Approximately 44,000
employees in more than 170 countries are dedicated to delivering effective and robust supply chain solutions across
a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.
Pellegrini S.p.A. was founded by Ernesto Pellegrini in 1965. Pellegrini now operates in five service delivery segments: catering, food supply, vouchers, vending and facilities services. Today the company counts 6,000 employees with a revenues of €450 Million in 2014.
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2014 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.