24th Mar 2009 07:10
Associated Newspapers is latest contract win for Menzies Distribution
Menzies Distribution, the newspaper and magazine wholesaling division of John Menzies plc, is today pleased to confirm that it has successfully renegotiated contract terms with Associated Newspapers, one of the largest news publishers in the UK, which will significantly grow the value of the business.
The new agreement, which will start in November 2010, will see Menzies Distribution substantially grow their share of Associated titles by distributing them in 7 major new territories - and establishing a springboard to greater growth and future profitability for our business as a whole.
Ellis Watson, Managing Director said,
"I am hugely pleased that our negotiations with Associated Newspapers have been successfully concluded. For such a large publisher, with such high standards of professionalism to select us to distribute even more of their portfolio is an endorsement I'm extremely proud of - I'm eagerly looking forward to working with them under this expanded remit.
It's not just this isolated deal that excites - it's where it comes on our strategic path. Our positive contract momentum is still building - and I'm confident that we can keep making progress. These recent contract wins represent a big step forward for our company - and it's an exciting time for everyone connected with Menzies Distribution."
For further information contact:
John Geddes, Company Secretary, John Menzies plc 0131 459 8180
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