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Menzies(John) PLC
22 December 2006
John Menzies plc announces a joint venture with Eason
John Menzies plc, the time critical logistics company, is pleased to announce
that its subsidiary, Menzies Distribution Limited (Menzies), has entered into a
conditional joint venture agreement with Eason & Son Ltd (Eason).
The joint venture will see Menzies and Eason combine their Newspaper and
Magazine distribution businesses in Northern Ireland and the Republic of
Ireland. The new venture at its start up will have estimated gross assets of
£6.1m.
The new venture will deliver newspapers and magazines to some 5,200 retailers.
The deal is subject to certain approvals and is expected to complete in the New
Year.
Patrick Macdonald, Chief Executive, John Menzies plc said:
"This is an excellent deal for our Distribution business. The combined
enterprise will offer an enhanced service level to both publishers and retailers
throughout the island of Ireland."
For further information contact:
John Geddes, Head of Investor Relations, John Menzies plc 0131 459 8180
Ged Brumby, Citigate Dewe Rogerson 0207 638 9571
This information is provided by RNS
The company news service from the London Stock Exchange