Swan Petroleum take-over 'a good deal'

A Shropshire-based fuel distribution business has been taken over in a £2.75m deal.

Oswestry-based Swan Petroleum has been bought by the NWF Group, a national distribution company specialising in agricultural feed and fuel.

Swan employs 27 staff and operates 13 tankers from depots at Babbinswood near Oswestry, Byley near Middlewich and Irlam.

NWF Chief Executive Richard Whiting said there were no plans to cut jobs.

"It's quite the reverse. We buy a business to develop it. We're looking to invest in the business and grow sales," he said.

Mr Whiting said NWF was planning to keep the Swan brand and that customers should not notice a difference.

He added that the deal would particularly help NWF develop its business in the North West of England and North Wales.

Swan has been trading for 30 years and currently delivers fuel to more than 3,000 customers.

The deal makes NWF one of the country's largest fuel distributors, delivering almost 500 million litres each year.

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