Euro Garages expands footprint with 48 new sites
Euro Garages, the Blackburn-based independent forecourt retailer, is to acquire 48 Esso sites in the Midlands and east of England in the latest agreement to increase its UK presence.The deal follows the purchase of 45 Esso sites in the North of England and North Wales, completed last January, and means Euro Garages’ estate portfolio has nearly doubled in a year to almost 180 sites.
The 48 new sites, which will continue to supply Esso-branded fuels, will be bolstered convenience stores and partnerships with Greggs, Subway, Starbucks and Burger King.The agreement is part of Esso-owner ExxonMobil’s move to a new approach to the retail market by providing branded fuel to retail fuel specialists like Euro Garages. Over the next few years, many of the UK’s forecourts are expected to change hands as oil producers adapt their approach to fuel retailing.
Euro Garages managing director Mohsin Issa said: “The Esso sites we acquired last year as part of the North of England and North Wales package have performed extremely well, with customers benefiting from our global brand partnerships while still being able to fill up their vehicles with quality Esso fuels.“With this latest agreement, which strengthens our national presence and extends our consumer offer in the Midlands and East of England, we aim to bring the Euro Garages retail experience to millions of new customers.”
Euro Garages chief executive Zuber Issa added: “We are looking forward to a busy 2014, integrating the new Esso sites alongside acquiring and developing new-to-industry sites. We will be looking at further acquisitions and establishing strategic alliances to grow our UK presence.” The latest deal, due to complete in the second quarter of 2014, will mean Euro Garages employs more than 3,000 people across the UK.