Rte: Shell buy expands DCC UK business: “DCC's energy division is to acquire the business and assets of Shell Direct UK for a total of €23m. Shell Direct supplies heating oils and transport fuels to domestic and commercial customers in Britain.” (ShellNews.net)

September 27, 2004

DCC's energy division is to acquire the business and assets of Shell Direct UK for a total of €23m. Shell Direct supplies heating oils and transport fuels to domestic and commercial customers in Britain.

The business will operate as a Shell branded distributor trading as Emo Oil. It has 36 depots across Britain and employs around 500 people.

DCC says the business has sales of around 600 million litres a year, which would give a turnover of around €300m at current energy prices.

DCC expects the business to be 'modestly profitable' in its first full year of ownership. The company bought a similar business from BP in Scotland in 2001 and now claims to be the largest independent oil marketing and distribution business in the UK.

DCC chief executive Jim Flavin said today's deal would leave the company well-placed to make further bolt-on acquisitions in the sector.

http://www.rte.ie/business/2004/0927/dcc.html