DCC buys medical firm for €16m

DCC, the firm recently embroiled in an insider dealing case with banana importer Fyffees, has announced the acquisition of British-based Squadron Medical for €16 million.

The purchase by the Dublin-based business support group follows its largest ever acquisition earlier in the year when it purchased British oil distributor CPL Petroleum for €74.2m.

The company said yesterday that this latest move will help it expand its presence in Britain.