Menzies to acquire full control of Irish group

0 Edinburgh-based Menzies Distribution is buying the 50% of EM News is does not already own The distribution arm of logistics group John Menzies has unveiled a €3.6 million (£3.1m) deal to take full control of Irish news and magazine wholesaler EM News Distribution.

Edinburghbased Menzies Distribution already owns 50 per cent of EM News, which employs almost 200 operational staff across Ireland, and is buying the remaining stake held by Irish books retailer Eason.

Finance director Paul Mccourt said: “This acquisition comes at a great time for our business and firmly reinforces the strategy we have been pursuing in recent years. We are continuing to build a business of scale with national coverage to offer services to the £55 billion UK logistics market.”

Menzies Distribution, which is planning a reverse takeover of parcels business DX Group, employs about 3,500 people and has been expanding its presence in the ecommerce deliveries market with a string of recent acquisitions, including AJG Parcels.