Benchmark International has successfully facilitated the transaction between Moorland Fuels Limited (“Moorland Fuels”) and Craggs Energy Group Limited (“Craggs Energy”).
Devon-based Moorland Fuels is a distributor of fuels including kerosene and diesel. The company serves domestic, commercial, and agricultural customers within a 30-mile radius of its strategically located rural depot.
Craggs Energy supplies kerosene, gas oil, DERV and a wide range of industrial fuels and lubricants to homes, farms, businesses, and public sector customers throughout the UK via its delivery depots spread across the North West and Yorkshire, as well as its national partner network.
The acquisition allows Moorland Fuels to benefit from a shared vision, growth and further investment, whilst enabling Craggs Energy to grow in the South West.
Abby Turner, sales and marketing manager at Moorland Fuels, commented: “Being part of the Craggs Energy Group enables Moorland Fuels to expand our operations. We are already benefiting from significant investment from the Craggs team and are looking forward to the new opportunities ahead while continuing to provide the excellent service that Moorland Fuels is known for.”
With this being the third acquisition in less than two years for Craggs Energy who remain actively seeking further opportunities across the UK, Chris Bingham, CEO of the group comments: “We are really excited to bring the Moorland Fuels team into the group of businesses, not only because it increases our geography dramatically, but it also means that we can bring even more experience and knowledge to the services that we offer. By sharing our best practices and resources we look to further grow the Moorland Fuels footprint in Devon while also ensuring that the loyal customers which have helped the company grow are well looked after.
“We are looking forward to working closely with both Abby Turner, sales and marketing manager and Simon Turner, operations manager at Moorland Fuels, who will be staying on to help run and grow the business. I’m delighted to have another team on board to continue on our journey of growth.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
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