Service station and oil distribution provider Corrib Oil has agreed a deal to buy forecourt retailer H2 Group, subject to approval by the competition regulator.
The deal will see Corrib Oil acquire 13 retail sites based across the south and east of Ireland, expanding the Corrib Retail footprint to 33 stores in total.
The new sites are located in Listowel, Co. Kerry; Kildare; Limerick; Tipperary; Dublin; Laois; Offaly and Cork.
Image: Corrib Oil
Corrib Oil, founded in Claremorris in 1987, operates two divisions, Corrib Retail and Corrib Distribution.
The former currently operates 20 convenience stores with forecourts; while Corrib Distribution, a distributor of heating oils and fuel, operates through 21 depots across 14 counties.
Having maintained a 22-year relationship with BWG Foods, all Corrib Retail convenience stores are branded as Spar, while all forecourts are branded Circle K or Texaco, with instore partners including Insomnia and Chopped.
The Corrib Distribution business supplies home heating oil, road fuels and lubricants from 21 distribution sites, operating a fleet of 78 road trucks and 69 service vehicles across the country.
Once the deal is complete, Corrib will operate across 54 sites in 16 counties in total – 20 Corrib service stations, 21 oil distribution depots and 13 H2 Group retail sites.
It currently employs 700 people and says the addition of H2 Group to Corrib Oil will bring to over 1,000 the total number of employees.