Patrick Macdonald, Chief Executive

0131 459 8180

Paul Dollman, Group Finance Director

0131 459 8180

 

 

 

Ginny Pulbrook

020 7282 2945

Ged Brumby

020 7282 2996

1.

Menzies Distribution Limited is acquiring 100% of the share capital Thos. Swift (Wholesale Newsagents) Limited, which owns 86% of Chester Independent Wholesale Newsagents ("CIWN").  It is also acquiring the remaining 14% of CIWN shares from Mark Woodcock, a director Thos. Swift (Wholesale Newsagents) Limited, and two private companies, WP Griffiths (Newspapers) Limited and Parker 1982.

 

2.

 

John Menzies plc., the time-critical logistics company, is one of Scotland's largest companies.  The company has two operating divisions, Menzies Distribution and Menzies Aviation.  Both divisions operate in distinct B2B sectors where success depends on providing an efficient, high quality, time-critical service to their customers and partners.

 

3.

 

In the year ended 31 December 2005, John Menzies reported turnover of £1,390.0m (2004 - £1,369.2m) and headline profit before tax of £39.4m (2004 - £33.6m).  Turnover at the Distribution division was £1,104.3m (2004 - £1,109.4m) whilst operating profit was £30.7m (2004 - £30.5m).  In the Aviation division turnover was £285.7m (2004 - £259.8m) and operating profit was £13.3m against £10.3m in 2004.

 

4.

 

The company was established in 1833 and its head office is in Edinburgh, Scotland.  Today the company is an international operation with businesses in Europe, North and South America, South East Asia, Australasia and Africa.

 

5.

 

Menzies distribution is a leading provider of added value distribution and marketing services to the newspaper and magazine supply chain in the UK.  The division handles 4.5 million newspapers (6 million on Sundays) and 2.5 million magazines (covering 3,000 magazine titles) each day, with deliveries to more than 21,300 customers.

 

Its success in 2005 in achieving high standards is evidenced by winning the "Wholesaler of the Year" award from the National Federation of Retail Newsagents and the Gold award at the Association of Circulation Executives awards.  It also won the Orange Award for Bright Business at the National Business Awards for Scotland for its Launch Factory marketing initiative to maximise sales of new titles.