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Announced

DCC to acquire NES Group and Primagaz Nederland for $65m.

Synopsis

DCC, an international sales, marketing and support services group, agreed to acquire NES Group and Primagaz Nederland, two LPG providers, for $65m. "I am pleased to announce two complementary acquisitions in our LPG division. NES Group provides DCC LPG with an entry point in the attractive New England region and clearly adds further scale to our growing US LPG business. The acquisition of Primagaz in the Netherlands will be an important addition to our European activities. These transactions, which were originated, diligenced and executed during a period of ongoing Covid-19 restrictions, demonstrate our ability to successfully build our business in an uncertain environment. The Group continues to have the platforms, opportunities and capability for further development across each of our four divisions," Donal Murphy, DCC CEO.

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