Regulatory Announcements
06 October 2006
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John Menzies plc announces the acquisition of Perth Cargo Centre
Following a number of recent acquisitions, John Menzies plc, the time-critical logistics company, is pleased to announce that Menzies Aviation, its aviation support services subsidiary, has acquired Perth Cargo Centre Pty Ltd ("PCC"), an Australian cargo handling operation.
PCC provides cargo handling services to Cathay Pacific, Thai Airways and Emirates at Perth International Airport in Australia. It was previously privately owned and its reported gross assets as at 30 June 2006 were £1.3m.
Menzies Aviation currently operates at Sydney, Melbourne and Brisbane airports.
Patrick Macdonald, Chief Executive of John Menzies plc, stated:
"The acquisition of Perth Cargo Centre expands our successful Australian operations into the West Coast. Menzies Aviation is well positioned to grow rapidly on the back of our successful integration of this addition to our network".
Enquiries
John Menzies plc
Patrick Macdonald, Chief Executive 0131 459 8186
Paul Dollman, Group Finance Director 0131 459 8186
Citigate Dewe Rogerson
Ginny Pulbrook 020 7282 2945
Ged Brumby 020 7282 2996
NOTES TO EDITORS
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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. These divisions operate in two distinct sectors where success depends on providing an efficient, high quality, time-critical service to their customers and partners.
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In the year ended 31 December 2005, Menzies reported Group turnover of £1,362.1m (2004 - £1,330.6m) and Group profit on ordinary activities before tax and exceptionals of £36.1m (2004 - £30.0m). Turnover at the Distribution division was £1,104.3m (2004 - £1,109.4m) whilst pre-exceptional operating profit was £30.7m (2004 - £30.5m). In the Aviation division turnover was £285.7m (2004 - £259.8m) and pre-exceptional operating profit was £13.3m against £10.3m in 2004.
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The company was established in 1833 and its head office is in Edinburgh, Scotland. Today the company is an international operation with offices, partners and contracts located in Europe, North and South America, Australasia and Africa.
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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 12,500 people across the globe, at 106 airports in 24 countries servicing more than 500 airline customers.
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Further information on John Menzies plc can be found at: www.johnmenziesplc.com; www.menziesdistribution.com and www.menziesaviation.com. |
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