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Distribution firm John Menzies said it had signed a five year extension to its contract with Marketforce, one of the UK's largest magazine distributors.
The agreement will see the company's newspaper and magazine wholesaling division, Menzies Distribution, continue to handle Marketforce's products across its network and secures £122m of annual sales revenue.
It will run for five years and is effective from January 2015.
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David McIntosh, Managing Director of Menzies Distribution, said the renewed terms with Marketforce quickly followed a recent contract renewal with News International.
"This is a further positive event for Menzies Distribution and is testimony to our drive to deliver the high service levels demanded by our customers," he said.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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