NEWS
JET network expands with new UK sites
Crown Oil ‘ so pleased ’ to be crowned winner
After the announcement in our last issue of Crown Oil as the winner of our 2020 Tanker of the Year competition , with its DAF CF85 Euro 6 carrying Crown HVO fuel , we hear from Crown Oil director , Mark Andrews :
“ We are so pleased to have our brand new HVO tanker announced as winner of tanker of the year ! We ’ re investing in renewable and sustainable fuels to help reduce GHG gas emissions produced by business and
EG Group agrees £ 750m deal with ASDA
Euro Garages ’ parent company EG Group has agreed a deal to acquire Asda ’ s petrol filling stations , car washes and ancillary land for £ 750m . The shareholders in EG Group , the Issa brothers and TDR Capital , made a deal to take over the Asda Group on 2nd October 2020 .
EG ’ s acquisition of the forecourt business is subject to the same CMA regulatory clearance being received by the group ’ s shareholders for their acquisition of Asda . Subject to these approvals , the transaction is expected to close in the second quarter of 2021 . If the deal is approved , EG Group would have around 700 forecourts in the UK , only behind MFG , with more than 900 sites . Announcing the deal , EG Group said : “ A detailed integration plan will ensure a seamless transition into EG Group ’ s UK
it ’ s wonderful to have this celebrated and recognised .”
Fuel Oil News now looks forward to receiving your entries for the 2021 tanker of the year award .
With entries accepted until 31st October 2021 , there is plenty of opportunity to enter a new tanker which you believe offers something extra to your business . Please send details of the tanker with a photograph to : stephanie @ fueloilnews . co . uk .
operations , which have successfully integrated four significant acquisitions since 2015 .
“ The forecourts , which will remain an integral part of the broader retail locations where they are situated , will continue to be Asda branded and will remain a price leader in the fuel market .”
Zuber Issa CBE and Mohsin Issa CBE , cofounders and co-CEOs of EG Group , in a joint statement , commented :
“ We are excited to have the opportunity to further strengthen our network in the UK through the proposed acquisition of Asda ’ s forecourt business , which will enhance our position as a major independent forecourt operator and provide a platform for future growth of the combined network .”
JET has announced that ten new Asconaowned sites will be joining its growing network of JET branded dealer sites – a move that further strengthens its relationship with the roadside retailer .
JET currently supplies Ascona Group , one of the fastest growing independent forecourt operators in the UK , at three sites in Marlborough , Stoke-on-Trent and Deepcar near Sheffield . The ten new sites , mainly located in Bedfordshire , Buckinghamshire and Warwickshire , boost JET ’ s total portfolio of UK JET dealer sites to more than 300 . Now with 13 sites and the potential for more in the future , Ascona is fast becoming one of JET ’ s largest retail customers .
Commenting on the decision to move to JET , Darren Briggs , MD Ascona Group , says :
“ JET provides an industry-leading fuel supply package and , together with their new JET brand image , is recognised in the industry for great value and service . They are the perfect partner for Ascona as we continue to expand our operations in the UK via both organic and acquisitive growth and focus on building bestin-class retail roadside destinations that cater to changing customer needs .”
Oliver Mueller , retail business manager , Phillips 66 Limited commented :
“ We are delighted to welcome these new sites to our JET dealer network and to be introducing the JET brand to a number of new communities . With a reputation driven by good service and good value , we are committed to building business relationships with dealers across the UK and are looking forward to helping these new sites flourish over the coming months – further strengthening the JET brand .”
Fuel Oil News | March 2021 7