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DCC announces first US healthcare acquisition

Operating profits are also on track said the Irish oil distribution, tech and health and beauty products conglomerate
Healthcare
Elite focuses on complex-formulation nutritional products in tablet and capsule dosage forms

Irish conglomerate DCC Plc (LON:DCC) has announced its first healthcare US acquisition and said operating profit this year will be in line with current forecasts despite mild weather in France.

Elite One Source Nutritional Services focuses on nutritional products in various packaging formats.

READ: DCC unveils first LPG acquisition in United States

The consideration, based on an enterprise value US$50mln, was paid in cash on completion.

Donal Murphy, chief executive, said Elite provides an entry into the US market, the world's largest healthcare and dietary supplements market and offers significant opportunities for organic and acquisitive growth."

Elsewhere, Retail & Oil and DCC Healthcare recorded strong growth in operating profit, while DCC Technology benefited from acquisitions and a good organic performance from the UK and Ireland.

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DCC Plc Timeline

Article
December 29 2015

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