Nothing but negotiation

 
The Gap Partnership

DCC acquires Pace Fuelcare

The deal is waiting for clearance from the UK Office of Fair Trading.

18 February 2011

Successful sales negotiations have led to DCC tying up a deal to acquire Pace Fuelcare.

The agreement between the sales, marketing, distribution and business support services group and Pace - a British oil distribution business - is just waiting for clearance from the UK Office of Fair Trading.

Tommy Breen, chief executive of DCC - which employs around 8,000 people and makes 15 per cent of its profits from business support service activities - said the purchase will improve his company's oil distribution sector in Britain.

He added: "Pace has a particular strength in the distribution of transport fuels in southern England and will be complementary to DCC Energy's existing business."

Furthermore, Mr Breen pointed out the acquisition of the firm - which sold 515 million litres of fuel to independent retail petrol stations in the financial year ending September 2010 - will increase the market share of DCC's oil distribution company to 15 per cent.

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