Tue, 24 Dec 2024 | BUSINESS SALE
Family business fuel group Rix Petroleum is hoping to boost rural life after buying Lincolnshire-based peer EFuels.
Hull-based Rix Petroleum specialises in the provision of agricultural fuels and lubricants, standard diesel, and home heating oil for rural communities. Its products include Hydrotreated Vegetable Oil Renewable Diesel.
It also provides green energy products such as electric vehicle charging units, battery storage and solar panels.
Its acquisition of Grantham-based EFuels for an undisclosed sum brings the number of fuel depots Rix Petroleum owns and operates in the county to four, with others in Immingham, Gainsborough, and Spalding.
The Grantham depot will remain branded as EFuels for the time being, and will continue to be headed by existing depot manager Matthew Keightley, who moves to Rix under the deal.
Duncan Lambert, managing director of Rix Petroleum, said the move would enable the business to provide a better service to farms, businesses and rural households across south Lincolnshire.
Lambert said: “Lincolnshire is a famously agricultural county and acquiring this depot will enable us to support local farmers, businesses, and rural communities across the south of the county more efficiently and effectively.
As a sixth-generation family business, we pride ourselves on our values of fairness, great customer relations and service, and supporting communities, and it precisely these values we will bring to our newly acquired Grantham depot.”
The deal officially completed on 20 December, with Rix Petroleum taking immediately responsibility for all outstanding deliveries and future sales.
It completes the company’s coverage in Lincolnshire, with the combination of all four depots providing easy access to communities across the entire county.
Keightley added: “Rix Petroleum is well known in the industry as a long-established family business that customers can rely on. I know our customers in and around Grantham will be very well looked after by myself and the wider Rix team, so I feel this is a fantastic opportunity to take the business forward.”
Find out why UK dealmakers are so optimistic heading into 2025
This is a unique opportunity to acquire valuable intellectual property assets from a well-established wholesaler with many years of experience in the discount food and non-food sector in the Midlands.
This is an opportunity to acquire a long-established specialist bakery business, supplying major UK supermarkets and boasting a fully equipped production facility with a skilled workforce.
Discover the rare chance to acquire a specialist UK supplier of marine engines and generators, noted for their leadership in the used marine engine market and hard-to-find parts.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.