NWF acquisition

Cheshire-based farm supplies business NWF has made an acquisition of the trade and assets of Geoff Boorman Fuels from Geoff Boorman Fuels LLP, its second fuels acquisition in the last 12 months.  NWF wants to grow the fuels distribution business, in which it is the third largest player in the UK.

Geoff Boorman Fuels is a nineteen million litre fuel distributor based in Edenbridge, Kent with a largely domestic customer base. The acquisition complements Home Counties Fuels, the Group’s Kent based commercial fuel distribution operation thereby supporting the Group’s development in the South-East. The acquisition is expected to be accretive to underlying earnings of the Group, and the £2.6 million consideration has been paid in cash on completion from NWF’s existing cash resources.

NWF’s growth strategy is to both expand the geographic coverage of the fuels business within the UK and consolidate businesses adjacent to the existing depot network. NWF’s acquisition of Sweetfuels Limited (announced on 22 December 2022) has been integrated as planned and is performing well.