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 DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies’ distribution arm has increased its holding in the company by 10%.
Menzies Distribution’s ability to deliver to remote areas has helped it land a major new contract with forest machinery manufacturer Komatsu Forest.
Leasing and rental provider Fraikin has signed a new contract with Menzies Distribution, which will see it provide 50 new trucks and vans to the distribution and logistics company.