Saturday 17 March 2018

Applegreen purchases additional sites in the UK for £21m

Ellie Donnelly

Ellie Donnelly

The stock market-listed Irish forecourt retailer Applegreen has purchased a network of seven sites from the Carsley Group in the UK for £21m (€23m).

The sites consist of six service areas and one petrol filling station.

The service area sites are predominantly located on the major arterial route of the A1 motorway.

Read more: Applegreen buoyed by 'positive' start to year

The deal will be funded from existing company resources and is expected to be completed in the latter half of 2017.

Commenting on the announcement, Bob Etchingham CEO of Applegreen, said that the deal would "accelerate" the company’s strategy to establish a major service area presence in the UK market, complementing its strong position in Ireland and growing footprint in the US.

"This acquisition demonstrates our commitment to enhancing our existing estate in the UK and leveraging our expertise in operating high quality service areas offerings with a strong food-to-go focus for the benefit of our customers," Mr Etchingham said.

Last month Applegreen announced that it had agreed to buy a chain of 34 filling stations around South Carolina's state capital, Columbia in the US.

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