Menzies buys Eason’s newspaper distribution arm for €3.6m
EM News Distribution employs 193 operational staff who will now join Menzies
Eason has sold its 50 per cent stake in EM News Distribution to Menzies in a €3.6 million buy-out. Photograph: Nick Bradshaw
Menzies Distribution, a time-critical logistics company, announced on Tuesday that it has acquired EM News Distribution, a news and magazine wholesaler, for €3.6 million.
According to a statement, Menzies will now increase its existing 50 per cent interest in the company to 100 per cent, thereby buying out the 50 per cent share held by book retailer Eason.