Topaz acquires Esso Ireland business

Topaz has announced it will re-brand all the Esso stations in Ireland after its parent company acquired the business.

Topaz acquires Esso Ireland business

Topaz has announced it will re-brand all the Esso stations in Ireland after its parent company acquired the business.

Kendrick Investments Limited, the parent company of Topaz, has agreed to buy the shares of Esso Ireland and its subsidiaries.

The deal covers 38 Esso service stations and convenience stores, and the supply deals for 60 independent service stations, which will be added to the 120 sites topaz currently has in Ireland.

The cost of the acquisition was not disclosed.

Topaz stressed that the change should not affect the employees of Esso.

"We are an Irish company through and through and this deal demonstrates our commitment to supporting our position in this market," said Emmet O’Neill, incoming Chief Executive of Topaz.

"We look forward to welcoming Esso’s employees to the Topaz team."

The deal will be completed in the third quarter of next year, if all the necessary regulatory approvals are granted.

— Dave Molloy

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