DCC buys into British market

DCC yesterday made Leeds-based wine seller Jerry Lockspeiser a multi-millionaire when it bought out his 14-year-old company for a net €12.5 million.

This is DCC's food and beverage divisions's first foray into the British market and marks a significant strategic move by the multifaceted group.

DCC has reached agreement to acquire Bottle Green Limited, a wine sales and marketing business with a 5% share of British off-trade wine market volume. The off-trade market accounts for approximately 80% of the total off and on trade market in Britain. The deal is subject to approval by the Competition Authority in Ireland.