Menzies Distribution has described its new £25m credit facility with Royal Bank of Scotland (RBS) as a milestone in its aim to become the UK’s leading national logistics partner. The new revolving credit facility runs for five years and is the first that the company has struck under the ownership of private equity firm Endless after its separation from John Menzies last year. In addition to the credit facility, RBS is also providing operational banking services. Paul McCourt, chief financial […]
Menzies Distribution is looking increasingly towards the parcels market as it looks to diversify the business to offset falling revenues from its core newspaper distribution business.
Moves are underway to split print media and parcel logistics firm Menzies Distribution from its sister air cargo and baggage handling business Menzies Aviation.
Menzies Distribution has entered into an agreement with British Airways (BA) to deliver more than 530,000 newspapers and magazines a week to the airline’s flight gates and first and club lounges.