Topaz take over 38 Esso garages in Republic of Ireland
Fuel firm Topaz has confirmed it will take over 38 Esso garages in the Republic of Ireland after striking a deal with Exxon Mobile.
Topaz parent company Kendrick Investments is to buy Esso Ireland Ltd and its wholly owned subsidiaries, Ireland ROC Ltd and Esso Ireland Manufacturing Company Ltd.
The deal includes the acquisition of 38 company-owned service stations and the right to supply around 60 owner-operated outlets as well. Esso supplies about 10% of all the petroleum products used in Ireland. Its parent firm, Exxon Mobile, has been trying to sell its Irish operations for some time.
Topaz has about 25% of the market with 120 company-owned stations and another 170 dealer-owned garages.
The Irish service station market has undergone major changes in recent years with the expansion of Topaz and Applegreen as well as the rise of the independent operator.
Topaz employs over 1,600 people. Its parent firm, Kendrick, is owned by businessman Denis O'Brien, a shareholder in Independent News & Media.