Euro Garages announces second major Esso deal
FAST-growing Lancashire forecourt retailer Euro Garages, has announced a deal to buy 48 Esso petrol station sites in the Midlands and East Angla as it boosts its geographical coverage.
The deal follows the purchase of 45 Esso sites in the North and North Wales a year ago, and means Euro Garages’ estate portfolio has nearly doubled in a year to almost 180.
The newly-acquired sites, which will continue to supply Esso-branded fuels, will be bolstered with a comprehensive convenience store offer. Customers will also benefit from the family-owned Blackburn company’s brand partnerships with Greggs, Subway, Starbucks and Burger King.
Euro Garages managing director Mohsin Issa said: “The Esso sites we acquired last year as part of the North of England and North Wales package have performed extremely well, with customers benefiting from our global brand partnerships while still being able to fill up their vehicles with quality Esso fuels.
“With this latest agreement, which strengthens our national presence and extends our consumer offer in the Midlands and East of England, we aim to bring the Euro Garages retail experience to millions of new customers.”
Chief executive Zuber Issa added: “We are looking forward to a busy 2014, integrating the new Esso sites alongside acquiring and developing new sites.
“We will be looking at further acquisitions and establishing strategic alliances to grow our UK presence and continue to change the market perception of forecourt retailing.”
The latest deal, due to complete in the second quarter of 2014, will mean Euro Garages employs more than 3,000 people across the UK.
The company grew turnover by 40% to £439m in the year to July 31, 2013. EBITDA increased 38% to £18m in the same period.
