- GXO Logistics Inc GXO has entered a multi-year contract with Zooplus AG ZLPSF, an online pet food and accessories retailer operating in 30 European countries. Deal terms were not disclosed.
- The agreement includes designing, implementing, and managing a new automated fulfillment center in Bor, Czech Republic.
- GXO Logistics expects its operations for zooplus to start in the third quarter of 2022 in a newly built 60,000-square-meter distribution center with a team of 700 employees.
- The new facility will enable zooplus to meet growing customer demand in central and western Europe.
- Price Action: GXO shares are trading higher by 2.18% at $90.41 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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