DCC to buy fuel recycling firm for €10.8m

DCC has further expanded its presence in Britain by paying an initial £9.6 million (€10.8m) for the Nottinghamshire-based recycling business, Oakwood Fuels.

The deal was done via the Irish support services group’s subsidiary, DCC Environmental Britain, and ups the group’s share of the hazardous waste management sector in Britain.

The €10.8m price tag is only an initial consideration. DCC may well end up paying more — up to a maximum of €22.5m, in fact — depending on Oakwood’s profits in its next three financial years.