7th Mar 2008 08:06
DCC PLC07 March 2008 DCC Further Expands its Oil Distribution Business in Britain DCC plc, the business support services group, has acquired Southern CountiesFuels Holdings Limited ("SCFH"), a long established oil distribution businessoperating in the south east of England, for a cash consideration, net of cashacquired, of €9.75 million (Stg£7.45 million). SCFH sells heating and transport fuels to a broad range of domestic, commercial,agricultural and transport customers and operates from 8 depots with a fleet of60 road tankers and 135 employees. Its business will be integrated within DCCEnergy's existing oil distribution business in Britain. DCC has spent €95 million on the acquisition of oil distribution companies inBritain in the current financial year ending 31 March 2008, including CPLPetroleum announced in July 2007, SCFH and a number of smaller businesses. Jim Flavin, Executive Chairman of DCC, said today: "The acquisition of SCFH represents a further step in DCC's strategy ofconsolidating the fragmented oil distribution business in Britain and willfurther enhance DCC Energy's position as the leading oil distributor in thatmarket." For reference: Jim Flavin, Executive ChairmanTommy Breen, Group Managing DirectorDonal Murphy, Managing Director, DCC EnergyConor Murphy, Investor Relations Manager Telephone: + 353 1 2799400Email: [email protected]: www.dcc.ie This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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