News Formal

Company Watch: DCC’s US expansion continues after record $610m deal to acquire Almo | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The eye-watering purchase of the US electronics company is just the latest example of DCC’s longstanding fondness for big-ticket acquisitions. lorcanallen reports.

Donal Murphy, chief executive of DCC: focus is on growth in US. Picture: Fergal Phillips

Acquisitions have always been a standout feature of the DCC business model. It’s part of the company’s DNA, you might say. Even through a once-in-a-century pandemic, the company has continued to invest in acquisitions, spending more than €1 billion snapping up new businesses over the past 18 months. This included the €80 million acquisition of Wörner, a German medical supplies business, and a €125 million deal for United Propane Gas , a...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marion McKeone: Covid deaths in US could soon hit 1m mark | Business PostMore Americans have now died of the coronavirus under the presidency of Joe Biden than under his wayward predecessor Donald Trump, writes marionmckeone. marionmckeone Because most Republicans refuse to get vaccinated.
Source: businessposthq - 🏆 8. / 71 Read more »