DCC plc

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DCC plc
Public limited company
Traded as LSEDCC
Founded 1976 (Dublin, Ireland)
Headquarters Dublin, Ireland
Key people
John Maloney (Chairman)
Tommy Breen (CEO)
Revenue £11,231.7 million (2014)[1]
£208.4 million (2014)[1]
£123.9 million (2014)[1]
Number of employees
9,804 (2014) [2]
Website www.dcc.ie

DCC plc is an Irish diversified investments group and holding company. DCC is organised and managed in five separate divisions (DCC Energy, DCC Technology (formerly DCC SerCom), DCC Healthcare, DCC Environmental and DCC Food & Beverage), each focused on specific market sectors. Its shares are listed on the London Stock Exchange. It is a constituent of the FTSE 250 Index.

History[edit]

The company was founded by Jim Flavin in 1976 as Development Capital Corporation Limited.[3] Originally the company focused on providing venture capital to start ups, however in the mid-1980s it changed direction and became an industrial holding company, changing its name to DCC and floating on the Irish Stock Exchange and London Stock Exchange in 1994.[4]

The company was embroiled in a controversy over the issue of insider trading in Fyffes plc, the Irish fruit importing company in which a subsidiary of DCC, Lotus Green, held a stake which was sold in the year 2000. In 2002 Fyffes sued DCC over the sale of its stake in the company. The case was tried in the Irish High Court from December 2004 until July 2005, and on 21 December 2005 judgement was handed down. DCC was cleared of insider trading, although it was found to have been acting as a "single entity" with Lotus Green and Jim Flavin with regards to the sale of the shares. Fyffes appealed to the Supreme Court of Ireland and, in a judgement[5] on 27 July 2007, the Supreme Court overturned the High Court's verdict and ruled that the documents that had been in Flavin's possession when DCC sold the shares had indeed been price sensitive. In April 2008, Fyffes settled its case against DCC for an amount of €37.6 million.[6] As a result of this case, DCC and Flavin came under the examination of the Irish Director of Corporate Enforcement.[7] In January 2010, The report of the High Court Inspector into the affairs of DCC plc was published. The Director of Corporate Enforcement concluded that no further action was warranted by his Office.[8]

In 2011, DCC bought Maxol's Home Heating company, Maxol Direct, which it re-branded as Emo.[9] In 2012, DCC spent around €100 million acquiring LPG (Liquefied Petroleum Gas) distribution businesses in the Netherlands, Britain, Sweden and Norway.[10]

Divisions[edit]

These are:[11]

DCC Energy

DCC Energy is the leading oil and liquefied petroleum gas (LPG) sales, marketing and distribution business in Europe. In oil, DCC Energy is the market leader in Britain and Sweden and one of the leading oil distribution businesses in Austria, Denmark and Ireland. In LPG, DCC Energy is market leader in Norway and Sweden, joint leader in the Netherlands and is a strong number two player in both Britain and Ireland. DCC Energy principally operates under the Certas Energy and Flogas brands. Certas Energy UK is the largest oil distributor in the UK, and also supplies a large filling station network. DCC Energy also includes the Emo and Great Gas networks in Ireland, and the Q-Star network in Sweden. In August 2014, DCC announced that it reached an agreement with ExxonMobil to acquire the Esso Express petrol station network and the Esso Motorway concessions in France [12]

DCC Technology

DCC Technology comprises Exertis, which is a leading distributor of IT, communications and home entertainment products in Britain, Ireland, France and Sweden, and Exertis Supply Chain Solutions, which provides outsourced procurement and supply chain management services in Ireland, Poland, China, Mexico and the USA.

DCC Healthcare

DCC Healthcare comprises Hospital Supplies & Services, which provides sales, marketing, distribution and other services to medical device and pharma companies in the Irish and British hospital and homecare markets, and Health & Beauty Solutions, which provides outsourced product development, manufacturing, packing and other services to health and beauty brand owners, principally in the areas of nutrition and beauty products. It owns the brands Thompson & Capper (T&C), EuroCaps and Laleham Healthcare.

DCC Environmental

DCC Environmental is a leading British and Irish provider of recycling, waste management and resource recovery services to the industrial, commercial, construction and public sectors, operating in both the non-hazardous and hazardous segments of the market.

DCC Food & Beverage

DCC Food & Beverage is principally focused on the sales, marketing and distribution of food and beverage products in Ireland. In September 2014 DCC announced that it had reached agreement to dispose of Robert Roberts (including Findlater Wine & Spirits) and Kelkin to Valeo Foods.

See also[edit]

External links[edit]

References[edit]