NEW! Investment Companies Centre

John Menzies (MNZS)

Sector:

Support Services

Index:

FTSE Small Cap

Market Cap

£57.50m

Change Today

Price Down-6.00p ()

Share Price

95.50p

Joint Venture

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

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).