News

Rix Petroleum strengthens Lincolnshire presence with the acquisition of EFuels Ltd

In the deal, completed on Friday, family-owned Rix Petroleum Ltd, which is headquartered in Hull, has acquired Grantham-based EFuels Ltd for an undisclosed sum.

Rix Petroleum and EFuels tankers

The move brings the number of fuel depots Rix Petroleum owns and operates in the county to four, with others in Immingham, Gainsborough, and Spalding. The Grantham depot will remain branded as EFuels for the time being, headed up by existing depot manager Matthew Keightley, who moves to Rix under the deal.

Enhancing service

Rix specialises in the provision of agricultural fuels and lubricants, standard diesel, and home heating oil for rural communities and Duncan Lambert, Managing Director of Rix Petroleum, said the move would enable the business to provide a better service across south Lincolnshire.

“We’re delighted to complete this deal,” Duncan commented. “Lincolnshire is a famously agricultural county and acquiring this depot will enable us to support local farmers, businesses, and rural communities across the south of the county more efficiently and effectively.

“As a sixth-generation family business, we pride ourselves on our values of fairness, great customer relations and service, and supporting communities, and it is precisely these values we will bring to our newly acquired Grantham depot.”

Delighted

Depot manager Matthew Keightley, said he was delighted with the deal, commenting: “Rix Petroleum is well known in the industry as a long-established family business that customers can rely on.

“I know that our customers in and around Grantham will be very well looked after by myself and the wider Rix team, so I feel this is a fantastic opportunity to take the business forward.”

The photo, provided by Rix, shows a Rix Petroleum tanker with an EFuels Ltd tanker at the EFuels depot in Grantham.