Calor diversifies with 50% stake

Leading gas supplier Calor has diversified its interests into the home appliance distribution market, via investment in North-based company, Hamilton Gas Products.

Calor has agreed to purchase a 50% stake in the Bangor-based Hamilton — which is ranked as a leading supplier of domestic appliances, such as cookers and washing machines — in Ireland and Britain. Although no consideration has been disclosed, it is understood to represent a significant capital investment by the Dublin-headquartered Calor.

According to the Dublin company, which is ultimately part of Dutch multinational gas supplier, SHV Energy, this move is consistent with its overall objective of expanding its offering to both domestic and commercial customers through “the right strategic agreements”.