Greenergy agrees to acquire Amber Petroleum

Greenergy has agreed to purchase 100% of the shares of Amber Petroleum (‘Amber’), an independent fuel distributor and retailer based in the Republic of Ireland.

Amber’s operations include company-owned and dealer-owned forecourts, comprising a network of 35 sites around the country, along with fuels distribution and home heating depots.

Christian Flach, Greenergy CEO said;

“One of our key strategic objectives is to integrate our existing supply footprint with our expanding retail presence.  The acquisition of Amber follows our recent retail investment in 230 retail sites in Canada, and will enhance our capabilities in Ireland by building on our existing infrastructure, supply and retail operations. We look forward to welcoming the Amber team to Greenergy.”

Liam Fitzgerald, owner and managing director of Amber Petroleum added;

“Having served our loyal customers for over 40 years Amber’s success has been based on strong relationships with customers, suppliers and staff and we know that Greenergy share these same values. I am confident that Amber will continue to grow its profile as part of the wider Greenergy organisation.”

Amber’s existing management team and staff will remain in place.

 

Post a comment or leave a trackback: Trackback URL.

Post a Comment

You must be logged in to post a comment.