Canada’s Irving Oil expands in Ireland with Top Oil acquisition

Canadian multinational Irving Oil has agreed to acquire family-owned Irish fuel supplier Top Oil for an undisclosed amount.

The acquisition will further expand Irving Oil’s business in Ireland, where it currently owns the Whitegate refinery.

"We are proud to be doing business in Ireland and are looking forward to working with everyone at Top Oil. We're excited about the future," said Arthur Irving, Chairman of Irving Oil.

Once the transaction completes all requirements including regulatory conditions, Irving Oil will operate Top Oil as usual.

Dublin-based Top Oil sells more than one billion litres of fuel every year to commercial and residential consumers in Ireland. It has a 55,000-ton clean product terminal at Dublin Port, 20 inland depots, 200 dealer and company-owned forecourts, and 20 dedicated fuel card sites.

Irving Oil established its European operations in 2014 with an office in London, England, and tankage in Amsterdam. It operates Canada's largest refinery in Saint John, New Brunswick, along with more than 900 fuelling locations and a network of distribution terminals spanning Eastern Canada and New England.