DCC PLC DCC to acquire UK LPG business (5280B)
January 11 2018 - 2:00AM
UK Regulatory
TIDMDCC
RNS Number : 5280B
DCC PLC
11 January 2018
11 January 2018
DCC to acquire the LPG business of Countrywide Farmers plc
DCC plc, the leading international sales, marketing and support
services group, has agreed with Countrywide Farmers plc
("Countrywide") to acquire the trade and assets of its liquefied
petroleum gas (LPG) distribution business in Britain ("the
Business") for a total cash consideration of GBP28.75 million.
The Business supplies bulk and cylinder LPG to domestic,
agricultural and commercial customers in Britain. The Business
sells approximately 20,000 tonnes of LPG annually.
Completion of the acquisition is expected to take place before
the end of DCC's financial year ending 31 March 2018.
For Reference:
Kevin Lucey, Head of Capital Markets
Mandy O'Sullivan, Director of Investor Relations & Corporate
Finance
Telephone: +353 1 2799400
Email: investorrelations@dcc.ie
Web: www.dcc.ie
About DCC plc
DCC is a leading international sales, marketing and support
services group with a clear focus on performance and growth. It
operates through four divisions: LPG, Retail & Oil, Healthcare
and Technology.
DCC is an ambitious and entrepreneurial business operating in 15
countries, supplying products and services used by millions of
people every day throughout Europe. Building strong routes to
market, driving for results, focusing on cash conversion and
generating superior sustainable returns on capital employed enable
the Group to reinvest in its business, creating value for its
stakeholders.
Headquartered in Dublin, employing approximately 10,000 people,
DCC's four divisions are:
-- DCC LPG - a leading LPG sales and marketing business in
Europe, with a developing business in the retailing of natural gas
and electricity;
-- DCC Retail & Oil - a leader in the sales, marketing and
retailing of transport fuels and commercial fuels, heating oils and
related products and services in Europe;
-- DCC Healthcare - a leading healthcare business, providing
products and services to healthcare providers and health and beauty
brand owners; and
-- DCC Technology - a leading European sales, marketing and
services partner for global technology brands.
DCC plc is listed on the London Stock Exchange and is a
constituent of the FTSE 100. In its financial year ended 31 March
2017, DCC generated revenue of GBP12.3 billion and operating profit
of GBP345 million.
DCC has an excellent record, delivering compound annual growth
of 14% in operating profit and generating an average return on
capital employed of approximately 19% over 23 years as a public
company.
About DCC LPG
DCC LPG is a leading LPG sales and marketing business in Europe,
with a developing business in the retailing of natural gas and
electricity. DCC LPG currently operates in nine countries across
Europe and Asia and has leading market positions in France,
Britain, Ireland, Norway, Sweden, the Netherlands and Hong Kong
& Macau. On completion of the recently announced acquisitions
of Retail West and TEGA, DCC LPG will also have substantial
operations in the US and Germany.
This information is provided by RNS
The company news service from the London Stock Exchange
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