DCC boss to review group’s activities

DCC chief executive and founder Jim Flavin is to step up to the chairman’s office of the sales and distribution group.

Mr Flavin will undertake a review of the company’s various activities, which also includes healthcare products and food distribution, that could lead to a sale of some of its assets.

The company has annual sales of around €3.5 billion, with the bulk of this generated from its oil and IT equipment distribution businesses. It is also involved in the environmental sectors with waste treatment and recycling companies and the healthcare and food industries. DCC has its 49% stake in the housebuilder Manor Park up for sale in a move that could net it €300 million.