Acquisition completed
An open letter from Keith Jewers, Director, Gulf Retail
I am pleased to announce that GB Oils has now completed the acquisition, from Rontec Investments, of certain oil distribution assets that were previously owned by Total in Britain, the Isle of Man and the Channel Islands.This includes the contracts to supply fuels to the 320 dealer owned dealer operated retail service stations (currently branded Total) supplying approximately 710 million litres per annum.
The acquisition further strengthens the position of GB Oils across the country; increasing its operational and depot infrastructure and enhancing its ability to attract and serve existing and new customers throughout the market. We welcome all Total dealers to the GB family; we promise you a smooth transition and look forward to building close working relationships in the months ahead.
For Gulf dealers it remains business as usual; nothing changes although we are optimistic that the increased size of the business will enable us to further improve the support package available to Gulf dealers in due course.
In addition, the oil distribution business in England and Wales, with a network of 40 depots, is to be rebranded Butler Fuels with immediate effect. However, while the Office of Fair Trading completes a competition review, the business will operate separately from the GB Oils business.
As such, Bob Taylor, previously General Manager for GB Oils, has been appointed Director of Butler Fuels and will be responsible for overseeing the management and operations of the Butler business.
Once the OFT is satisfied there is appropriate competition in the operating areas, Butler Fuels will then be integrated into GB Oils. In the meantime, as it is operating as a separate business, we cannot discuss or share any commercial or confidential information with the Butler business. This includes details of customers, pricing, margins or sales opportunities. Therefore both businesses must continue to compete head-to-head against each other for customers and new business.
Though Butler Fuels is to operate separately, the oil distribution businesses on the Isle of Man and the Channel Islands are to be integrated into GB Oils. They will, however, be rebranded Ellen Vallin Fuels Limited on the Isle of Man, and Channel Islands Fuels on the Channel Islands.
Keith Jewers.
Director, Gulf Retail
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