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 […]
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.
Ahead of Monday’s (29 October) budget, Andrew Galliers, senior tax manager and transport and logistics sector specialist at accountancy firm Menzies, sets out his thoughts on assisting operators with the transition to a sustainable future.
Menzies Distribution has won a five-year national contract with Newsprinters, which will see it providing primary trunking services to the business.