Menzies Distribution has split from its parent company which will now concentrate on the lucrative aviation supply business in a £74.5 million sale to private equity investor Endless plc.
The private equity investor was first announced as the preferred purchaser in July and now has competed a deal that covers distribution of an extensive portfolio of print products. On completion of the sale, a deal to distribute newspapers published by Daily Mirror publisher Reach was announced.
The distribution business also takes in holiday brochures, education materials and magazines. And it includes a print operation, originally trading as the Orbital Group from Ashford, Kent, alongside Jem Educational, also of Ashford.
Menzies Distribution makes 100 million delivery drops a year, operates from 54 sites and employs around 3,700 staff. It has been embarking on a diversification strategy to leverage this distribution network to move printed products from print to reader. It has been creating new services for publishers, which has led this year to the creation of a hub in Sheffield to help sort cover mounted gifts before any unsold magazines are returned to a finishing house.
Menzies Distribution also includes a print operation in Ashford Kent which handles mail, leaflet and door-drop print and more recently book on demand print for education and self published authors. Print services had originally been part of the Orbital Marketing Group which merged with Jem Educational Services in 2012 on the same industrial estate.
As well as both litho and digital print using Ryobi and Canon presses, it offers saddle stitched, wire and perfect bound products. The mailing arm can polywrap 500,000 packets a day, apply inkjet addressing and personalisation to 100,000 packs a day and can hand finish 30,000 a day.
It achieved Royal Mail Premier Partner status last month becoming part of the Mail Made Easy scheme to offer an end to end solution for a mailing campaign.
As part if on going investment in this operation there is a Tharstern MIS on order with further print and finishing equipment expected to follow.
Menzies Distribution has been subject of a £74.5 million buyout led by private equity group Endless LLP. As well as distribution of printed matter, Menzies owns a print operation in Ashford for books, direct mail and mailing operations.