Newspaper article The Canadian Press

Irving Oil Signs Deal to Acquire Irish-Based Group of Energy Companies

Newspaper article The Canadian Press

Irving Oil Signs Deal to Acquire Irish-Based Group of Energy Companies

Article excerpt

Irving Oil to acquire Irish energy companies

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SAINT JOHN, N.B. - Irving Oil is expanding its reach with agreements to acquire an Irish-based energy marketing and distribution group of companies.

The New Brunswick-based Irving said Tuesday it has signed a deal with Tedcastle, which operates under the brand name Top Oil and is a leading supplier of home heating oil, petrol and diesel fuel in Ireland.

Financial terms of the deal were not immediately available.

"We are looking forward to joining Irving Oil and continuing to grow and develop our business under its umbrella," Top Oil chief executive Gerard Boylan said in a statement.

A news release from Irving said Top Oil recently expanded operations into aviation fuel, and sells more than one billion litres of fuel every year to commercial and residential consumers in Ireland. …

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