10 Jan 2014 07:00
MENZIES(JOHN) PLC - Menzies Distribution secures further contract renewalsMENZIES(JOHN) PLC - Menzies Distribution secures further contract renewals
PR Newswire
London, January 9
Menzies Distribution secures further contract renewals Menzies Distribution (Menzies), the newspaper and magazine wholesaling divisionof John Menzies plc, is today pleased to confirm that it has successfullyrenegotiated contract terms with Frontline and Seymour. The new agreements, with two of the largest magazine distributors in the UK,will see Menzies continue to distribute their full portfolios of titles. Theagreement also secures additional revenues for Menzies' diversified businesses. Both agreements run through to 2020 and secure some £180m of annual trade salesvalue. David McIntosh, Managing Director said, "I am very pleased to have secured terms with Frontline and Seymour. Theserenewals are a further step in underpinning our core business. We now havecontracts with the majority of the major publishing groups secured through to2019 and this allows us to build for the future with confidence." For further information contact: Paula Bell, Group Finance Director, John Menzies plc 0131 459 8009 John Geddes, Group Company Secretary, John Menzies plc 0131 459 8180
Jonathon Brill/Alex Beagley, FTI Consulting 0207 831 3113