Scottish Fuels owner DCC today said it has agreed to buy BP’s liquefied petroleum gas (LPG) distribution business for £40.5 million in cash.
The Irish group, which has faced protests in the Western Isles over high petrol prices, expects the deal to be completed by the end of next month.
BP’s LPG business employs 116 people across 13 sites in the UK and has a fleet of 62 delivery vehicles.
DCC said the acquisition complemented Flogas, its existing LPG business, which sells around 190,000 tonnes of fuel a year.
Chief executive Tommy Breen said: “We have a successful track record in acquiring energy distribution businesses from the oil majors as they exit downstream activities and this transaction will enhance DCC’s position as the leading oil and LPG sales, marketing and distribution business in Britain.”
