LOGISTICS

operator Menzies Distribution could be poised for more acquisitions following its big name signing last week, sources say.

The appointment of former Asda chief executive Andy Clarke as chairman is a signal private equity backer Endless is about to accelerate growth, they add.

The company, acquired by Endless in 2018, has only just sealed a deal to buy Bibby Distribution. But the next phase of growth plans are said to be ‘aggressive’.

Revenue sat the Edinburgh-based firm are already in excess of £1 billion.

It distributes newspapers and ma gazines to almost half of the UK and parcel delivery services to some 30,000 locations each day.