Costa nabs big contracts, new CEO vows growth

<font color=red><b>EXCLUSIVE:</b></font> Tim Bolam making his mark as Costa CEO, nabbing new contracts with Parmalat, Simplot

Costa nabs big contracts, new CEO vows growth
Costa nabs big contracts, new CEO vows growth
By Samantha Freestone | October 9, 2009

New Costa Logistics CEO Tim Bolam has laid out an aggressive growth strategy for the Victorian logistics group, kick-started by new contracts with Parmalat and Simplot.

Bolam reveals the warehousing and distribution deals with the companies will initially boost revenue by 5 percent.

Speaking to ATN, Bolam - who has only been in the top job since March this year after working at European 3PLs - says the contracts are the first in a barrage of new work to come as part of a new three-year strategy.

The CEO vows to triple revenue over the three years, which currently sits at $95 million annually.

The contract with diary manufacturer Pamalat will see Costa manage distribution centres, pick-and-pack food stuffs and distribute throughout New South Wales.

The Simplot deal, which commences next month, is a similar arrangement but more focused on local distribution throughout Victoria, Bolam says.

Bolam says his ambitious plan is in-line with the Costa Group strategy to grow locally and internationally.

READ MORE: The full interview with Bolam and more details on the Costa growth plan in upcoming editions of ATN magazine.

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