DCC plc is a leading Irish international sales, marketing and support services group. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology. DCC plc is listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and is a constituent of the

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History

The company was founded by Jim Flavin in 1976 as Development Capital Corporation Limited.DCC plc
: DCC plc history Originally the company focused on providing venture capital to start ups, however in the mid-1980s it changed direction and became an industrial holding company, changing its name to DCC and floating on the

Irish Stock Exchange Euronext Dublin (formerly the Irish Stock Exchange, ISE; ) is Ireland's main stock exchange, and has been in existence since 1793. The Euronext Dublin lists debt and fund securities and is used as a European gateway exchange for companies seek ...

and

in 1994. The company was embroiled in a controversy over the issue of

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider informati ...

in Fyffes plc, the Irish fruit importing company in which a subsidiary of DCC, Lotus Green, held a stake which was sold in the year 2000. In 2002 Fyffes sued DCC over the sale of its stake in the company. The case was tried in the Irish High Court from December 2004 until July 2005, and on 21 December 2005 judgement was handed down. DCC was cleared of insider trading, although it was found to have been acting as a "single entity" with Lotus Green and Jim Flavin with regards to the sale of the shares. Fyffes appealed to the

Supreme Court of Ireland The Supreme Court of Ireland () is the highest judicial authority in Republic of Ireland, Ireland. It is a court of final appeal and exercises, in conjunction with the Court of Appeal (Ireland), Court of Appeal and the High Court (Ireland), Hig ...

and, in a judgement on 27 July 2007, the Supreme Court overturned the High Court's verdict and ruled that the documents that had been in Flavin's possession when DCC sold the shares had indeed been price sensitive. In April 2008, Fyffes settled its case against DCC for an amount of €37.6 million. As a result of this case, DCC and Flavin came under the examination of the Irish

Director of Corporate Enforcement The Corporate Enforcement Authority (CEA) is the competent authority in Ireland for the general promotion of compliance with the Companies Acts, the investigation of breaches of the Companies Acts and the taking of any necessary enforcement act ...

.Companies Watchdog Examines Flavin Judgment
Irish Times In January 2010, The report of the High Court Inspector into the affairs of DCC plc was published. The Director of Corporate Enforcement concluded that no further action was warranted by his Office. In 2011, DCC bought Maxol's Home Heating company, Maxol Direct, which it re-branded as

Emo Emo () is a genre of rock music characterized by emotional, often confessional lyrics. It emerged as a style of hardcore punk and from the Washington, D.C., hardcore scene, where it was known as emotional hardcore or emocore. The bands ...

. In 2012, DCC spent around €100 million acquiring LPG (

Liquefied Petroleum Gas Liquefied petroleum gas, also referred to as liquid petroleum gas (LPG or LP gas), is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, Butane, ''n''-butane and isobutane. It can also contain some ...

) distribution businesses in the Netherlands, Britain, Sweden and Norway. In August 2014, DCC announced that it reached an agreement with

ExxonMobil Exxon Mobil Corporation ( ) is an American multinational List of oil exploration and production companies, oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the Successors of Standard Oil, largest direct s ...

to acquire the Esso Express petrol station network and the Esso Motorway concessions in France. The company joined the FTSE 100 share index of the 100 companies listed on the

with the highest market capitalisation in December 2015. In February 2015, DCC completed the disposal of substantially all its Food & Beverage subsidiaries. During the same year the company acquired Butagaz S.A.S., a French LPG business, from

Shell Shell may refer to: Architecture and design * Shell (structure), a thin structure ** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses Science Biology * Seashell, a hard outer layer of a marine ani ...

for €464 million. The acquisition made DCC Europe's third-largest LPG distributor. In March 2016, the company agreed to acquire Alimentation Couche Tard's commercial and aviation fuels business in Denmark for €40 million. The deal included a 139-site retail petrol station network and supply contracts with 66 dealers. In April 2017, DCC announced it had agreed to sell its Environmental division to Exponent, a private equity firm, for £219 million. The company also announced the acquisition of Shell's liquefied petroleum gas business in Hong Kong and Macau for £120 million, its first acquisition outside of Europe, and the retirement of its chief executive Tommy Breen. In July 2017 Donal Murphy, previously Managing Director of DCC Energy, became Chief Executive. In 2018, DCC Healthcare completed its first acquisition in the US Health and Beauty sector: Elite One Source Nutritional Services. In the same year DCC Technology purchased Stampede – also its first foray into North America. In 2019 DCC purchased the retail fuel operations of

Tesco Ireland Tesco Ireland Limited is the Republic of Ireland, Irish subsidiary of supermarket group Tesco. Tesco Ireland was formed by Tesco plc's 1997 purchase of the Irish retailing operations of Associated British Foods, namely Powers' Supermarkets Limi ...

, with these being converted to automated stations under "Certa" branding. This branding is a variant of the "Certas" name which is used for home heating oil in the UK and as the holding company for their Esso branded stations in Europe. In 2021, DCC acquired Almo Corporation in Group's largest acquisition to date. In 2022, DCC announced a new strategy for its energy businesses. The core of this strategy was to bring decarbonisation solutions for its 9.5 million DCC Energy customers. Various acquisitions were made in services and renewable energy – Protech, Sys EnR, PVO and Freedom Heat Pumps. In September 2022, DCC Healthcare significantly expanded in medical devices with its largest acquisition to date, Medi-Globe. In 2023, DCC Energy grew its share of services and renewables profit to 28% and made further acquisitions in the space – AEI, Hafod Renewable Energy and O'SiTOiT.

Divisions

The company is organised into three divisions: DCC Energy, DCC Healthcare and DCC Technology.

References

{{DEFAULTSORT:Dcc Plc Companies formerly listed on Euronext Dublin Holding companies of Ireland Holding companies established in 1976 Companies listed on the London Stock Exchange Irish companies established in 1976 Companies in the FTSE 100 Index

History

Divisions

See also

References