Smiths News has sold its warehousing and fulfilment services arm Marketlink Marketing Communications for £200,000.
The newstrade distributor said MMC, which it acquired from Dawson News in August 2011, was “not core to our strategy of being a leading player in chosen specialist distribution markets”.
In the year to 31 August 2012, MMC generated sales of £6m and an operating profit of £100,000.
The sell-off comes as Smiths News continues to diversify. It is already a leading book and educational supplier and is aiming for 50% of its profits to be generated outside newspapers and magazines by 2016. Last month, it revealed it was already at 27%.