SOURCE: John Menzies PLC

May 19, 2006 02:12 ET

John Menzies plc announces agreement to acquire North West Wholesale News Limited


John Menzies plc, the time-critical logistics company, is pleased to announce that it has reached agreement for Menzies Distribution, its newspaper and magazine distribution business, to acquire the entire issued share capital of North West Wholesale News (North West News).

North West News is a well established and successful newspaper and magazine wholesaler. Its operations serve the Preston area. The business will be fully integrated into the Menzies Distribution network.

North West News' reported gross assets at 30 April 2005 were £4.5m.

Patrick Macdonald, Chief Executive of John Menzies plc, said:

"Following the recently completed acquisition of Chester Independent Wholesale Newsagents, this is another important addition to Menzies Distribution. It demonstrates our commitment to delivering a comprehensive service to publishers and retailers alike. North West News is a successful business and we look forward to building on its existing customer service levels."


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
Anthony Kennaway                       020 7282 1076


1. Menzies Distribution  Limited  is  acquiring  100%  of  the
   share capital of North  West Newspapers (Holdings)  Limited, which
   owns 100% of the share  capital of North  West Wholesale News
   Limited, from A Pemberton, S G Pemberton and P Sidebotham, who are also
   the directors of the company.

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.

6. 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

   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.

7. Further information on John Menzies plc can be found at:, and

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