TIDMDCC
RNS Number : 1109E
DCC PLC
07 February 2018
7 February 2018
DCC Healthcare announces first acquisition in US Health &
Beauty sector
DCC plc, the leading international sales, marketing and support
services group, announces that DCC Health & Beauty Solutions
has acquired Elite One Source Nutritional Services, Inc ('Elite'),
a provider of contract manufacturing and related services to the
growing healthcare and dietary supplements market in the US.
Elite focuses on complex-formulation nutritional products in
tablet and capsule dosage forms, including organic and probiotic
products, across a variety of packaging formats. Elite's service
offering encompasses product development, formulation,
manufacturing, packaging and regulatory services. Its customer base
includes some of the leading specialist brands in the US consumer
healthcare market. Elite's facilities in Missoula, Montana are
well-invested with significant scope to expand capacity to meet its
organic growth plans. The facilities comply with FDA cGMP (current
Good Manufacturing Practices) and Health Canada standards and are
certified by leading third party regulatory bodies including NSF
and USDA Organic. The business is led by an experienced management
team and employs 180 people.
The consideration, based on an enterprise value of $50 million
(GBP35 million), was paid in cash on completion. Elite is expected
to generate a return on capital employed of approximately 15%
within the first two years of ownership.
Donal Murphy, Chief Executive of DCC plc, said today:
"DCC Health & Beauty Solutions has an excellent track record
of organic growth, providing high-quality services to leading
health and beauty brand owners, specialist retailers and direct
sales organisations in the European market.
We are excited by the acquisition of Elite, which provides an
entry into the US market, the world's largest healthcare and
dietary supplements market. The US is an innovative, high-growth
market, with a fragmented contract manufacturing base, which offers
DCC significant opportunities for organic and acquisitive
growth."
For reference:
Donal Murphy, Chief Executive
Fergal O'Dwyer, Chief Financial Officer
Kevin Lucey, Head of Capital Markets
Telephone: +353 1 2799400
Email: investorrelations@dcc.ie
Web: www.dcc.ie
Powerscourt (Media)
Lisa Kavanagh / Victoria Palmer-Moore
Telephone: +44 20 7250 1446
Email: DCC@powerscourtgroup.com
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 with
operations in Europe and Asia and 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 Healthcare
DCC Healthcare is a leading healthcare business, providing
products and services to healthcare providers and health and beauty
brand owners. DCC Healthcare operates through two businesses, DCC
Vital and DCC Health & Beauty Solutions. DCC Vital markets and
sells medical and pharmaceutical products to healthcare providers
across all sectors of the healthcare market in the UK and Ireland.
DCC Health & Beauty Solutions builds long-term partnerships
with international brand owners, providing specialist services
including product development, formulation, manufacturing and
packaging.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQFKADNOBKDBBK
(END) Dow Jones Newswires
February 07, 2018 02:00 ET (07:00 GMT)
Dcc (LSE:DCC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Dcc (LSE:DCC)
Historical Stock Chart
From Apr 2023 to Apr 2024
