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Industrials

Sparks

NWF (LON: NWF) acquires Northern Energy Oil
Published by Andy Murphy

NWF has agreed to purchase 42m litre fuel distributor Northern Energy Oil for up to £8.3m, depending on certain post-completion conditions. Northern Energy Oil operates from five sites in North Yorkshire, Northumbria and Lincolnshire and adds c 6% to the fuel volumes that NWF will handle. The deal, which is earnings enhancing in the first year, is consistent with NWF’s strategy and is the first such deal since the company acquired Geoff Boorman Fuel in 2023.

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