Ireland’s largest convenience and fuel retailer Topaz Energy Group Ltd to be acquired by Canadian company Alimentation Couche-Tard

DUBLIN, Ireland, 2015-12-4 — /EPR Retail News/ — Topaz Energy Group Ltd, Ireland’s largest convenience and fuel retailer, is to be acquired by the publicly quoted Canadian company Alimentation Couche-Tard (known as Couche-Tard).

The two companies signed an agreement today that will lead to the acquisition by the Canadian company of Topaz Energy Group Ltd together with linked companies Resource Property Investment Fund plc and the recently-acquired Esso Ireland Ltd (collectively referred to as Topaz).  The transaction is expected to close in Spring 2016, subject to the usual regulatory approvals and closing conditions.

Couche-Tard
Couche-Tard is one of the world’s leading convenience and fuel retail businesses.  The company has approximately 15,000 sites across its network in North America (U.S. and Canada), Europe (Norway, Sweden, Denmark, Poland, the Baltics and Russia), Asia and the Middle East.  Approximately 100,000 people are employed in its network across the world.

Topaz
Topaz is Ireland’s largest convenience store and fuel retail business.  Its network includes 464 service stations, 162 of which are company owned and a commercial fuels operation with over 30 depots.  The business employs over 2,000 people across the island of Ireland.

Quote from Topaz Chairman
Welcoming the announcement, Topaz Chairman, John Callaghan, said; “The last two years have been a period of phenomenal development and improvement for the company.  With the steadfast support of the Board, our management and staff, we have established a well capitalised group of growing businesses which, with the recent amalgamation of Esso in Ireland, is the undoubted industry leader.”

“We are delighted to have agreed this transaction with Couche-Tard who are recognised as world leaders in the fuel and convenience store industry.  We know they will build on the foundations we have put in place and bring a new dimension to the industry in Ireland to the benefit of the economy, our customers and our staff.  We wish Couche-Tard well and look forward with confidence to an exciting future. ”

Quote from Topaz CEO
Emmet O’Neill, Chief Executive of Topaz, described the transaction as a “game changer’ for the retail sector in Ireland.  He said, “Couche-Tard is one of the strongest names in retail in the world and their presence in Ireland will transform the retail sector here. I am thrilled that they have chosen Topaz as the foundation for their entry to the Irish market.  They will bring enormous skill, energy and resources to this business and this market.”

O’Neill said that the deal followed a transformation of the company over the past two years; “In the last two years Topaz has moved from being a challenged business to one which has been transformed at every level and which now leads the market here. We have refinanced the company, upgraded the infrastructure, acquired and built new sites and convenience stores and ultimately acquired the business of Esso in Ireland.  Today’s transaction is a reflection of the immense effort made by everyone on the team and across the company over that time.”

SOURCE: Topaz Energy Group Limited

Ireland: Competition and Consumer Protection Commission approved Topaz’s purchase of Esso Ireland’s fuels and convenience business in Ireland

Dublin, Ireland, 2015-10-19 — /EPR Retail News/ — Emmet O’Neill, Chief Executive of Topaz Energy Limited (Topaz), has welcomed today’s decision by the Competition and Consumer Protection Commission (CCPC) to approve the purchase of Esso Ireland’s fuels and convenience business in Ireland.

The deal will see the Esso businesses [Esso Ireland Ltd and its wholly owned subsidiaries, Ireland ROC Ltd and Esso Ireland Manufacturing Company Ltd] acquired by Topaz Investments Ltd. the parent company of Topaz Energy Limited.

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.

Topaz Esso Total
Employee Numbers 1,600 400 2,000
Company Owned Service Stations 127 35 162
Dealer Owned Service Stations 203 60 263
Total 330 95 425

Following the transaction Topaz will have a turnover of approximately €3.5 billion and will employ approximately 2,000 staff.  The company will be one of the top 10 largest companies in Ireland.

Topaz Chief Executive, Emmet O’Neill, said the deal cemented the position of the company in the Irish market; “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.  This deal adds real substance to our operations here.  It will bring our employee numbers in Ireland to 2,000 and we believe there is real scope to develop this business further through innovations like our Re.Store convenience stores and our partnership with Rockets in the years ahead.“

The deal will close formally on December 1st.

Topaz Energy Group Limited,
Topaz House,
Beech Hill,
Clonskeagh,
Dublin 4.

Topaz Head Office Tel: +353 (0)1 202 8888
Topaz Home Heat: Tel: 1850 250 650
Topaz Fax: +353 (0) 1 282 8320

SOURCE: Topaz Energy Group Limited

Topaz to introduce Ireland’s newest fresh, urban food concept, Rocket’s to 40 forecourts nationwide

45 new jobs to be created as part of an 11.4 million investment

Dublin, Ireland, 2015-10-9 — /EPR Retail News/ — Topaz, Ireland’s largest fuel and convenience brand, has announced a €11.4 million investment which will see them introduce Ireland’s newest fresh, urban food concept, Rocket’s to 40 forecourts nationwide. The rollout, which will take place over a seven year period, will result in the creation of 45 direct jobs in 2015.

The first Rocket’s at Topaz concept has been launched at Topaz in Douglas, Co. Cork and sites at Dublin Port and Brennanstown, Co Wicklow will be serving the best in fresh quality food to Topaz customers before the end of 2015. A further 15 outlets will be rolled out throughout 2016.

Rocket’s is a new fast casual way to enjoy the best hamburgers around.

The concept has been designed with forecourts in mind and will offer Topaz customers the most innovative forecourt dining experience in Ireland.

With an emphasis on the best quality fresh ingredients, all hamburgers are made using 100% natural, freshly ground Irish beef. The new offering will also serve up unique and portable, freshly-made salads, hotdogs, tenders and milkshakes. All menu options are freshly made-to-order with a speedy service guaranteed.

Emmet O’Neill Topaz CEO, commented: “This year has been a big year for Topaz with the roll out of our Re.Store concept across Irealnd – the addition of Rocket’s will further set us apart. We had been looking for the perfect fast casual offer and we’ve found it! Rocket’s is bang on trend and exactley where we want to drive our business. The creation of 45 new jobs is all part of our continued plan for growth.”

Niall Fortune, Owner at Eddie Rocket’s commented: “We are delighted to be able to bring our food to customers all around Ireland with Topaz, and we are very excited to have opened the first location at the Topaz Service Station, Douglas Co. Cork last week. As Ireland’s largest convenience and fuel retailer, Topaz is the perfect fir for us to bring our food offering to consumers throughout the country. Since Rocket’s launch last year, we have learned a great deal about the casual dining customer and have perfected our speed of service, portability of food and the overall taste experience to bring Topaz customers an unrivalled food offering.”

SOURCE: Topaz Energy Group Limited

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Topaz to introduce Ireland’s newest fresh, urban food concept, Rocket’s to 40 forecourts nationwide

Topaz to introduce Ireland’s newest fresh, urban food concept, Rocket’s to 40 forecourts nationwide