The cash outlay on acquisitions in the last quarter was €36 million.
In May, as previously announced, dcc Energy acquired Pearts, a medium sized oil distribution business which operates from four locations in the North of England, for a consideration of €15 million.
In June, dcc Energy acquired two oil importation and storage terminals in Inverness and Aberdeen in Scotland for a consideration of €19 million.
Post the acquisition, dcc Energy will use these terminals to provide storage and throughput services to major oil companies who will continue to sell fuel directly into the market place.
The acquisition of the terminals enhances dcc Energy's position in the Scottish market and creates opportunities for dcc Energy to expand into the marine fuels market.
God help all the Jocks up North if thats the only fuel that they can get.
ReplyDeleteThe larger they get the faster they fall .
ReplyDeleteAs a poor customer I read the Sunday Times article with horror Three of us in adjacent houses in this village used Bayford or Bowes (another recent DCC acquisition) thinking we were supporting local firms.
ReplyDeleteThat's three lost customers folks as we're going for an independent and true local. Bound to have a knock on on jobs as your bosses don't come clean with us customers on who they own
there are so many websites out there that claim to be independent, but at the bottom say 'watson fuels' or whatever. Fuel tool is the only comparison site I can see that isn't associated with a larger oil company
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