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NWF acquires Staffordshire Fuels Ltd

By BFN News | 07:38 AM | Monday 02 November, 2015


NWF Group confirms the acquisition of Staffordshire Fuels Ltd, a 32- million litres per year fuel distribution business operating in Staffordshire and the West Midlands. This bolt-on acquisition will increase NWF Fuel's annual volume by 8% and will be earnings enhancing in the first full year. Staffordshire Fuels was established in 1996, operates a modern fleet of seven tankers and is an approved supplier of Phillips 66 fuel, branded as Jet, based near Stone in Staffordshire. Staffordshire Fuels will continue to operate as a standalone fuel depot in line with the Group's multi-brand strategy in fuels, with finance and administration being consolidated into existing operations. The acquisition was funded from the Group's existing bank facilities. Story provided by StockMarketWire.com

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