DCC plc

The company was founded by Jim Flavin in 1976 as Development Capital Corporation Limited.[http://www.dcc.ie/dcc/about_dcc/history/ DCC plc] {{webarchive|url=https://web.archive.org/web/20100726045752/http://www.dcc.ie/dcc/about_dcc/history/ |date=26 July 2010 }}: 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 and London Stock Exchange in 1994.{{Cite web|url=http://www.odce.ie/Portals/0/Documents/Media%20and%20Publications/Publications/Statutory%20Reports/DCC/CHAPTER_5.pdf|title=Inspector's Report into the affairs of DCC, Chapter 5}}

The company was embroiled in a controversy over the issue of insider trading 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 and, in a judgement[http://www.courts.ie/Judgments.nsf/09859e7a3f34669680256ef3004a27de/e46c6f10866ff01a8025732400542b24?OpenDocument Judgement] {{webarchive|url=https://web.archive.org/web/20071119075257/http://www.courts.ie/Judgments.nsf/09859e7a3f34669680256ef3004a27de/e46c6f10866ff01a8025732400542b24?OpenDocument |date=19 November 2007 }} 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.[http://www.rte.ie/news/business/2008/0414/101997-fyffes/ Fyffes gets €37.6m in DCC settlement] RTÉ, 2009 As a result of this case, DCC and Flavin came under the examination of the Irish Director of Corporate Enforcement.[http://www.irishtimes.com/newspaper/frontpage/2007/0801/1185230281177.html 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.{{Cite web|url=http://www.odce.ie/en/media_general_publications_article.aspx?article=4bd8bdc4-64e6-4a64-96b9-66afcef8579d|archiveurl=https://web.archive.org/web/20130420061935/http://www.odce.ie/en/media_general_publications_article.aspx?article=4bd8bdc4-64e6-4a64-96b9-66afcef8579d|url-status=dead|title=Inspector's Report into the affairs of DCC|archivedate=20 April 2013}}

In 2011, DCC bought Maxol's Home Heating company, Maxol Direct, which it re-branded as Emo.{{Cite web |title=DCC Acquires Maxol Direct Northern Ireland |url=http://www.ruralenergynews.co.uk/archives/23178 |url-status=dead |publisher=OilFiredUp |date=2011-10-08 |archive-url=https://web.archive.org/web/20140316215114/http://www.ruralenergynews.co.uk/archives/23178 |archive-date=2014-03-16 |access-date=2020-03-29}} In 2012, DCC spent around €100 million acquiring LPG (Liquefied Petroleum Gas) distribution businesses in the Netherlands, Britain, Sweden and Norway.{{Cite news|url=http://www.irishtimes.com/newspaper/finance/2012/0922/1224324270369.html|title=DCC set to buy firm in Netherlands|newspaper=The Irish Times }}

In August 2014, DCC announced that it reached an agreement with ExxonMobil to acquire the Esso Express petrol station network and the Esso Motorway concessions in France.{{cite web|url=http://otp.investis.com/clients/ie/dcc/rns1/regulatory-story.aspx?cid=207&newsid=441776|title=DCC agrees to acquire French unmanned network|work=investis.com|access-date=26 March 2015}}

The company joined the FTSE 100 share index of the 100 companies listed on the London Stock Exchange with the highest market capitalisation in December 2015.{{cite news | last = Davies | first = Rob | title = Morrisons, G4S and Foxtons lose out in FTSE reshuffle | newspaper = The Guardian | date = 2015-12-02 | url = https://www.theguardian.com/business/2015/dec/02/morrisons-g4s-and-meggitt-lose-out-in-ftse-reshuffle | access-date = 2016-11-14}}

In February 2015, DCC completed the disposal of substantially all its Food & Beverage subsidiaries.{{cite web|url=http://www.irishtimes.com/business/agribusiness-and-food/dcc-completes-sale-of-robert-roberts-and-kelkin-1.2113868|title= DCC completes sale of Robert Roberts and Kelkin |newspaper = The Irish Times}} During the same year the company acquired Butagaz S.A.S., a French LPG business, from Shell for €464 million.{{cite web|url=http://www.irishtimes.com/business/energy-and-resources/dcc-completes-464m-acquisition-of-gas-firm-butagaz-1.2414045?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Fenergy-and-resources%2Fdcc-completes-464m-acquisition-of-gas-firm-butagaz-1.2414045 |title= DCC completes €464m acquisition of gas firm Butagaz| newspaper = The Irish Times}} The acquisition made DCC Europe's third-largest LPG distributor.{{cite web|url=https://www.telegraph.co.uk/finance/markets/marketreport/11616727/DCC-jumps-as-company-announces-biggest-acquisition-yet.html |title= DCC jumps, as company announces biggest acquisition yet | newspaper = The Daily Telegraph|date= 19 May 2015 }}

In March 2016, the company agreed to acquire Alimentation Couche Tard's commercial and aviation fuels business in Denmark for €40 million.{{cite web|url=http://www.independent.ie/business/irish/dcc-reaches-deal-with-topazowner-to-buy-danish-business-34567279.html|title= DCC reaches deal with Topaz-owner to buy Danish business| newspaper = Irish Independent|date= 24 March 2016}} The deal included a 139-site retail petrol station network and supply contracts with 66 dealers.{{cite web|url=http://www.irishexaminer.com/business/dcc-in-strategically-important-30m-fuels-buy-389180.html|title= DCC in 'strategically important' €30m fuels buy| newspaper = Irish Examiner|date= 24 March 2016}}

In April 2017, DCC announced it had agreed to sell its Environmental division to Exponent, a private equity firm, for £219 million.{{cite web|url=https://www.rte.ie/news/business/2017/0405/865332-dcc-ceo-change/|title= DCC to sell Environmental business for £219m| newspaper = RTÉ|date= 5 April 2017}} 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.{{cite news|url=https://www.telegraph.co.uk/business/2017/04/05/dcc-makes-first-push-outside-europe-chief-executive-plans-retirement/|title= DCC makes first push outside Europe as chief executive plans retirement| newspaper = The Daily Telegraph|date= 5 April 2017|last1= Curry|first1= Rhiannon}}

In July 2017 Donal Murphy, previously Managing Director of DCC Energy, became Chief Executive.{{cite news|url=http://uk.reuters.com/article/uk-dcc-ceo-idUKKBN1770MS|archive-url=https://web.archive.org/web/20170405170240/http://uk.reuters.com/article/uk-dcc-ceo-idUKKBN1770MS|url-status=dead|archive-date=5 April 2017|title = DCC picks energy boss as next chief executive| newspaper = Reuters|date = 5 April 2017}}

In 2018, DCC Healthcare completed its first acquisition in the US Health and Beauty sector: Elite One Source Nutritional Services.{{cite news|url=https://businessandfinance.com/news/dcc-health-and-beauty-solutions-acquires-elite-one/|title=DCC Health & Beauty Solutions acquires Elite One|date=8 February 2018|newspaper=Business and Finance|access-date=23 June 2023}} In the same year DCC Technology purchased Stampede – also its first foray into North America.{{cite news|url=https://technologyreseller.uk/exertis-parent-acquires-stampede/|title=Exertis parent acquires Stampede|date=28 August 2018|newspaper=Technology Reseller|access-date=23 June 2023}}

In 2019 DCC purchased the retail fuel operations of Tesco Ireland,{{Cite news|url=https://www.thetimes.com/world/ireland-world/article/dcc-fills-up-with-22-tesco-petrol-stations-jq05x3s6s|title=DCC fills up with 22 Tesco petrol stations|first=Gavin|last=Daly|date=29 December 2019 |via=www.thetimes.co.uk}} with these being converted to automated stations under "Certa" branding.{{Cite web|url=https://www.certafuel.ie/locations/|title=Find A Petrol Station Near You | Certa Fuel Stations Ireland | Certa Fuel Stations | Diesel & Petrol Stations Open 24 Hour|website=www.certafuel.ie|date=6 April 2020}} This branding is a variant of the "Certas" name which is used for home heating oil in the UK{{Cite web|url=https://certasenergy.co.uk/|title=Oil Suppliers & Fuel Management Solutions|website=Certas Energy}} and as the holding company for their Esso branded stations in Europe.{{Cite web|url=https://www.certasenergyretail.eu/|title=Homepage|website=Certas Energy Retail}}

In 2021, DCC acquired Almo Corporation in Group's largest acquisition to date.{{cite news|url=https://www.irishtimes.com/business/energy-and-resources/dcc-acquires-us-appliance-distributor-almo-in-610m-deal-1.4755863#:~:text=Irish%20energy%20and%20services%20group%20DCC%20has%20acquired,the%20size%20of%20its%20footprint%20in%20the%20US.|title=DCC acquires US appliance distributor Almo in $610m deal|date=15 December 2021|newspaper=Irish Times|access-date=26 June 2023}}

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.{{cite news|url=https://www.lse.co.uk/news/dcc-appoints-shell-executive-fabian-ziegler-as-ceo-of-dcc-energy-bjoy4io5rnufqwn.html#:~:text=DCC%20announced%20its%20new%20%27Leading%20with%20Energy%27%20strategy,marketing%2C%20and%20distribution%20of%20low%20carbon%20energy%20solutions.|title=DCC appoints Shell executive Fabian Ziegler as CEO of DCC Energy|date=30 June 2022|newspaper=London South East|access-date=26 June 2023}}

In September 2022, DCC Healthcare significantly expanded in medical devices with its largest acquisition to date, Medi-Globe.{{cite news|url=https://www.mpo-mag.com/contents/view_breaking-news/2022-10-10/dcc-healthcare-acquires-medi-globe-technologies/|title=DCC Healthcare Acquires Medi-Glove Technologies|date=10 October 2022|newspaper=Medical Product Outsourcing|access-date=26 June 2023}}

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.{{cite news|url=https://www.irishtimes.com/business/2023/05/16/dcc-continues-strong-growth-amid-record-profit/#:~:text=Mr%20Murphy%20said%20the%20group%20had%20also%20accelerated,for%20the%20year%20of%20187.21%20pence%20per%20share.|title=DCC continues strong growth amid record profit|date=16 May 2023|newspaper=Irish Times|access-date=26 June 2023}}

The company is organised into three divisions: DCC Energy, DCC Healthcare and DCC Technology.{{cite web|url=https://www.dcc.ie/our-business |title=Our Business|work=dcc.ie|access-date=16 August 2017}}

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