staffordshire-fuels

NWF Group, parent company to Boughey Distribution, has made a bolt-on acquisition for an undisclosed amount to its own-account fuel distribution business.

Staffordshire Fuels is a 32 million litre per year fuel distribution business operating in the Midlands that holds an O-licence for seven vehicles at its Stone, Staffordshire, depot.

NWF said that the purchase would increase its fuels business’ annual volume by 8%.

The business is an approved supplier of Phillips 66 fuel, branded as Jet. It will continue to operate as a standalone fuel depot in line with NWF Group's multi-brand strategy in fuels, with finance and administration being consolidated into existing operations.

Richard Whiting, chief executive at NWF Group, said: "The acquisition is in line with our growth strategy, increases our penetration in Staffordshire and the West Midlands and will be earnings enhancing in the first full year."

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