DCC plc Acquires Heating Oil Distributor, Total Butler
23rd September 2011
Acquisitive Irish commodities conglomerate, DCC plc, has reached a conditional agreement with Rontec Investments LLP to acquire oil distribution assets in Great Britain, the Channel Islands and the Isle of Man, including heating oil distributor Total Butler.The acquired businesses together employ 550 people and sold 1.5 billion litres of fuel in 2010. The key components of the businesses are:
- The trade, fixed assets, stock and goodwill of fuel distributor Total Butler, which had sales volumes in 2010 of c.670 million litres. Total Butler has a network of 40 distribution depots across England and Wales, with a fleet of approximately 200 tankers.
- Contracts to supply transport fuels to around 300 Total branded retail forecourt sites. Volumes sold under these contracts in 2010 amounted to c.710 million litres.
- The entire issued share capital of Total's oil distribution and retail service station businesses on the Isle of Man and the Channel Islands. In 2010, together these businesses sold c.120 million litres of fuel.
