News / M&S buys distribution specialist Gist as it launches supply chain revamp

Photo: Gist

Years of speculation over the ownership of UK cold chain transport and distribution provider Gist have been resolved: chief customer Marks & Spencer has agreed to acquire it for £145m ($175m) in cash, with an additional £110m to be paid later.

The price tag is well below the rumoured £725m China’s HNA Group was reported to have earmarked to ink a deal in mid-2018, before its talks with Gist owner German chemicals giant Linde collapsed.

Linde had reportedly put Gist on the ...