- Contract logistics provider GXO Logistics Inc (NYSE:GXO) has signed an agreement to extend and expand its partnership with Kellogg Company (NYSE:K).
- The expanded agreement includes solutions in the U.K., Spain, Germany and Poland as well as a new facility in Belgium.
- The companies will implement initiatives including technology investments, process improvements and knowledge-sharing at seven European sites to increase productivity and speed while reducing costs.
- Also Read: Kellogg Tightens FY23 Growth Outlook, But Optimistic As It Plans To Separate North America Cereal Business
- In Belgium, GXO will operate and optimize Kellogg operations in a new 650,000-square-foot semi-automated facility in Mechelen commencing in June 2023.
- Also, GXO has implemented its Reflex web WMS at sites in Spain and the U.K. and will implement the same in Belgium.
- “We will continue to make strategic investments in automation and apply our industry-leading experience and expertise to help Kellogg optimize its production support, warehousing, delivery execution and co-packing activities,” said Richard Cawston, President, Europe, GXO.
- Price Action: GXO shares closed higher by 1.31% at $59.36 on Monday.
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