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English Español Ireland: Irving Oil completes acquisition of Top Oil

The Canadian oil company eyes growth in the Irish market after closing the acquisition of Top Oil.

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Canadian-owned Irving Oil has announced the acquisition of the Tedcastle group of companies, an Irish-based energy marketing and distribution organization operating under the brand name Top Oil.

With the agreement finalized, Irving Oil will continue operation of the Top Oil business and its assets on a business-as-usual basis.

Headquartered in Dublin, Top Oil is a leading supplier of home heating oil, as well as petrol and diesel fuel in Ireland. It recently expanded operations into company-owned retail forecourts and aviation fuel. Top Oil sells 1.3 billion litres of fuel annually through its forecourt network and to commercial and residential consumers in Ireland.

"This acquisition allows us to further expand and build upon our success in Ireland, matching the Top Oil business with the Whitegate refinery," says Ian Whitcomb, President of Irving Oil.

Fuels are sold through 20 company-owned Top Oil Sirio sites and a network of 180 Top Oil Dealer Service Stations and Motorway service areas.

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