Topaz is set to add 95 sites to its network after the Irish completion authorities approved its takeover of Esso Ireland’s fuels and convenience business in Ireland.
The deal, which was agreed in December last year, involves 35 company owned service stations and 60 dealer owned sites taking the total network to 425, 162 of them company owned, and gives Topaz a presence in every county on the island of Ireland.
Following the transaction Topaz will have a turnover of approximately €3.5bn and will employ approximately 2,000 staff. The company will be one of the top 10 largest companies in Ireland.
Topaz chief executive Emmet O’Neill said: “In just 10 years Topaz has taken on and bought out the Irish retail businesses of three of the largest oil companies in the world ¬- Shell, Statoil and now Esso - to create a truly significant and innovative Irish business and a major Irish employer.
“This deal adds real substance to our operations here. It will bring our employee numbers in Ireland to 2,000 and we believe there is real scope to develop this business further through innovations like our Re.Store convenience stores and our partnership with Rocket’s in the years ahead.“
The deal will close formally on December 1.