Private equity investor Endless LLP has completed its acquisition of Menzies Distribution, the publishing distribution arm of John Menzies plc.
The company plans to continue Menzies' long-term strategy of providing publishers with a sustainable route to market while expanding to adjacent segments, such as working with retail wholesalers and parcel carriers.
Managing director of Menzies Distribution, Greg Michael, said the change will allow the company to expand to other parts of the country: “Whilst it’s business as usual, becoming an independent company enables us to be in control of our own destiny and reinvest to fulfil our ambitious growth and diversification plans for the business. The recent major UK-wide primary trunking contract to collect and deliver all daily and regional weekly newspapers printed by Reach plc is as an example of our successful diversification strategy in action.”
Meanwhile, partner at Endless Aidan Robson, said: “Menzies Distribution represents Endless’ largest investment to date and is a hugely exciting acquisition. We look forward to working closely with Greg and the rest of the management team to deliver our shared vision for this business.”
Read more: Menzies Distribution sold to private equity firm Endless LLP