Family-owned business Rix Petroleum Ltd has strengthened its base in Lincolnshire with the acquisition of a Grantham-based fuel provider.
The company, which is headquartered in Hull, has acquired EFuels Ltd in Gorse Lane for an undisclosed sum.
The move brings the number of fuel depots Rix Petroleum owns and operates in the county to four, with others in Immingham, Gainsborough, and Spalding.
The Grantham depot will remain branded as EFuels for the time being, and will continue to be headed up by existing depot manager Matthew Keightley, who moves to Rix under the deal.
Duncan Lambert, Managing Director of Rix Petroleum, said the move would enable the business to provide a better service to farms, businesses and rural households across south Lincolnshire.
Rix specialises in the provision of agricultural fuels and lubricants, standard diesel, and home heating oil for rural communities.
Mr Lambert said: “We’re delighted to complete this deal. Lincolnshire is a famously agricultural county and acquiring this depot will enable us to support local farmers, businesses, and rural communities across the south of the county more efficiently and effectively.
“As a sixth-generation family business, we pride ourselves on our values of fairness, great customer relations and service, and supporting communities, and it precisely these values we will bring to our newly acquired Grantham depot.”
The deal completes the company’s coverage in Lincolnshire, with the combination of all four depots providing easy access to communities across the entire county.
Depot manager Matthew Keightley, said he was delighted with the deal.
He said: “Rix Petroleum is well known in the industry as a long-established family business that customers can rely on.
“I know that our customers in and around Grantham will be very well looked after by myself and the wider Rix team, so I feel this is a fantastic opportunity to take the business forward.”
