THE purchase of a Fermoy-based fuel company by a British energy company has been agreed.
The deal will see Amber Oil's 35 sites across the country being transferred into the ownership of Greenergy.
As well as several sites in Cork, there are others spread throughout the country, including a depot at the Horse and Jockey in Tipperary.
The value of the sale has not been disclosed.
Both companies say that Amber's existing management team and staff will remain in place.
Amber was established in 1980 by the Fitzgerald family.
"Having served our loyal customers for over 40 years Amber’s success has been based on strong relationships with customers, suppliers and staff and we know that Greenergy share these same values," Liam Fitzgerald, owner and Managing Director of Amber Petroleum said.
I am confident that Amber will continue to grow its profile as part of the wider Greenergy organisation.”
Greenergy has already took a step into the Irish market with the purchase of Inver Energy in 2017.
Earlier this year, the company announced a merger with BG Fuels in Canada.
The company was established in the 1990s.
“One of our key strategic objectives is to integrate our existing supply footprint with our expanding retail presence," Christian Flach, Greenergy CEO, said. "The acquisition of Amber follows our recent retail investment in 230 retail sites in Canada, and will enhance our capabilities in Ireland by building on our existing infrastructure, supply and retail operations.
"We look forward to welcoming the Amber team to Greenergy.”