Saturday 20 January 2018

Topaz to consider operating some service stations as food-only outlets

Chief executive of fuel group Topaz, Emmet O'Neill
Chief executive of fuel group Topaz, Emmet O'Neill
Gavin McLoughlin

Gavin McLoughlin

Service station company Topaz will consider operating some of its service stations as food-only outlets.

Chief executive Emmet O'Neill told RTE's Morning Ireland that the company was "playing with those ideas at the moment".

"Where we do have sites that are small forecourts, often what we find now is the demand is for food there as opposed to for fuel," he said.

He said the move could potentially save money because of current fuel prices.

Mr O'Neill was speaking after the Competition and Consumer Protection Commission approved Topaz's purchase of Esso's Irish fuels and convenience business.

He would not reveal the price paid for Esso but said Topaz plans to spend €15m-€18m to "do everything [Topaz] wants to do" with the acquired outlets.

Following the acquisition, the Topaz network will extend to 425 service stations; 162 of which will be company owned.

The business will have a presence in every county on the island of Ireland.  Topaz also has market leading home heating and commercial and aviation fuel supply businesses.

“In just 10 years, Topaz has successfully taken on and bought out the Irish retail businesses of three of the largest oil companies in the world (Shell, Statoil and now Esso) to create a  truly significant and innovative Irish business and a major Irish employer," he said.

ExxonMobil's Upstream, Chemical and Lubricants businesses in Ireland are not affected by the sale.

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business