Leading UK and Ireland logistics provider Menzies Distribution is set to continue its growth and diversification strategy as an independent company, following the sale of the business by John Menzies plc to private equity investor Endless LLP.
Menzies Distribution’s long term strategy focuses on its core business of being the partner of choice for publishers, providing them with a sustainable route to market for their product whilst growing in adjacent markets. Two years ago the company began a successful diversification strategy harnessing its unique UK and Ireland network capabilities to work with national parcel carriers and provide innovative solutions for the retail sector.
Greg Michael, managing director of Menzies Distribution, said: “This is great news for Menzies Distribution. Whilst it’s business as usual, becoming an independent company enables us to be in control of our own destiny and reinvest to fulfil our ambitious growth and diversification plans for the business.
“The recent major UK-wide primary trunking contract to collect and deliver all daily and regional weekly newspapers printed by Reach plc is as an example of our successful diversification strategy in action.”
Aidan Robson, Partner at Endless added: “Menzies Distribution represents Endless’ largest investment to date and is a hugely exciting acquisition. We look forward to working closely with Greg and the rest of the management team to deliver our shared vision for this business.”
Menzies Distribution has a turnover of £1.1 billion and employs approximately 3,700 people across 56 sites, throughout the UK and Ireland. The business distributes over seven million newspapers and magazines each day.