Menzies Distribution continues on acquisition trail after boosting profits in 2021


 

Menzies Distribution is open to more acquisition opportunities as it continues to diversify its portfolio, aided by a leap in profit in 2021, a debt refinancing and the buy-out of its defined benefit pension scheme. Revealing its results for the 53 weeks to 1 January 2022, the company reported that revenue increased by £20m in the year, to £943.6m, whilst pre-tax profit came in at £11.1m (2020: £6.6m). In its strategic report to the results Menzies Distribution said the company […]