CEO: Tommy Breen
DCC plc, the business support services group, has agreed to acquire the entire issued share capital of Brogan Holdings Ltd, a leading fuel distribution and fuel card business in Britain. Brogans, which is headquartered in Motherwell in Scotland, operates from 15 fuel distribution depots in Scotland and the north of England while its fuel card business also has an office in Canterbury in the south of England. Brogans has a fleet of 87 road tankers and 279 employees. The consideration payable for Brogans, net of cash acquired and based on an average working capital position over the twelve months to 30 November 2009, is €47.2 million (Stg£42.5 million). The consideration is payable in cash.