The deal that would have see DX Group acquire Menzies Distribution has been called off, and a new board of directors is set to be installed at DX under the guidance of its largest shareholder – Gatemore Capital Management. Menzies backed out of its acquisition deal with DX Group after a trading update from the group made it clear DX would not be able to meet the terms of the agreement. Also confirmed was the departure of DX CEO Petar Cvetkovic and […]
Menzies Distribution has seen off the threat of strike action after making an improved pay offer to its 300 drivers and warehouse staff.
Menzies Distribution has won a five-year national contract with Newsprinters, which will see it providing primary trunking services to the business.
DX Group’s turnaround plan, which was backed by investors to the tune of £4.76m in May, remains on course with the embattled operator set to trim losses in its current financial year.