Regulatory Announcements


03 May 2006

John Menzies plc announces regulatory approval for its acquisition of Aeroground, Inc.

John Menzies plc, the time-critical logistics company, is pleased to announce that Menzies Aviation plc, its aviation support services subsidiary, has today completed the acquisition of Aeroground, Inc., a provider of air cargo services in the USA and Canada.  The conditional acquisition was announced on 8 March 2006.
 
Enquiries
 
John Menzies plc
 
NOTES TO EDITORS
 
1.
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.
 
2.
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.
 
3.
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.
 
4.
Menzies Aviation is one of the world's major independent suppliers of ground handling services to the aviation market providing passenger, ramp and cargo services for many of the world's leading airlines and some of the busiest international airports. The division employs over 10,500 people across the world, at 93 airports in 23 countries servicing more than 500 aviation customers.
 
The Division won various awards in 2005, including the 'BA Way' award for the handler which most closely matches the way BA wants its outsourced handling performed and the 'Most Responsive Handler' award also from BA for the way in which it helped restart their operations at Houston after Hurricane Wilma.
 
5.
Further information on John Menzies plc can be found at: www.johnmenziesplc.com, www.menziesdistribution.com and www.menziesaviation.com.
 
 
 
                                                                                                
 
 

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