Diversified distribution and marketing group DCC has completed the purchase of United Propane Gas (UPG). The acquisition has resulted in DCC “materially” expanding its presence in the United States LPG market. United Propane Gas is DCC LPG’s largest acquisition since initially entering the United States market in 2018 and follows the “material” bolt-on acquisitions of NES Group last September and Pacific Coast Energy in 2019. The combined companies will create the sixth largest business in the highly fragmented United States LPG market, DCC said. “Building a business of scale in the US LPG market provides DCC with a strong platform to provide our customers with their energy needs now and into the future,” he added.

Source: Irish Independent January 05, 2021 09:11 UTC