DCC Plc
Encyclopedia
DCC plc is an Irish
diversified investments group and holding company, founded by Jim Flavin in 1976.
oil distributor/filling station
network. They also own the Robt Roberts coffee
company,Findlater Wine and Spirit Group, distribute the KP
snack food brand (itself owned by United Biscuits
), and own SerCom, the IT distribution and supply chain management company.
Other company interests include the FloGas Butane
company, the Fannin Healthcare pharmaceuticals company, 50% of the Kylemore cafe and contract services chain, and the Enva Environmental firm.
DCC Nutraceuticals is an element of DCC Healthcare, which is a wholly owned part of DCC. DCC Nutraceuticals comprises three familiar names in the health manufacturing market: - Thompson & Capper (T&C), EuroCaps and Laleham Healthcare.
and London Stock Exchange
in 1994.
The company was recently embroiled in a controversy over the issue of insider trading
in Fyffes
plc, the Irish fruit
importing company in which a subsidiary of DCC, Lotus Green, held a stake. In 2002 Fyffes sued DCC over the sale of its stake in the company. The case was tried in the Irish High Court from December 2004 until July 2005, and on 21 December 2005 judgement was handed down. DCC was cleared of insider trading, although it was found to have been acting as a "single entity" with Lotus Green and Jim Flavin with regards to the sale of the shares.
Fyffes appealed to the Irish Supreme Court and, in a judgement on July 27, 2007, the Supreme Court overturned the High Court's verdict and ruled that the documents that had been in Flavin's possession when DCC sold the shares had indeed been price sensitive. As a result, DCC and Flavin came under the examination of the Irish Director of Corporate Enforcement
and Fyffes may be awarded costs and substantial compensation when the case returns to the High Court.
It is the largest insider trading case to date in Ireland.
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...
diversified investments group and holding company, founded by Jim Flavin in 1976.
Products and services
Among other interests, they own the EmoEmo (oil)
Emo Oil is an Irish oil distribution brand that is based in Portlaoise and is named after a village called Emo in County Laois, Ireland. While also having a market in Great Britain, the brand is used by several divisions of DCC Plc....
oil distributor/filling station
Filling station
A filling station, also known as a fueling station, garage, gasbar , gas station , petrol bunk , petrol pump , petrol garage, petrol kiosk , petrol station "'servo"' in Australia or service station, is a facility which sells fuel and lubricants...
network. They also own the Robt Roberts coffee
Coffee
Coffee is a brewed beverage with a dark,init brooo acidic flavor prepared from the roasted seeds of the coffee plant, colloquially called coffee beans. The beans are found in coffee cherries, which grow on trees cultivated in over 70 countries, primarily in equatorial Latin America, Southeast Asia,...
company,Findlater Wine and Spirit Group, distribute the KP
KP Snacks
KP Snacks is a British producer of branded and own-label maize and potato based snacks, "Choc Dips" and nuts. The KP originally stood for Kenyon Produce. The company is based in Rotherham, South Yorkshire, England....
snack food brand (itself owned by United Biscuits
United Biscuits
__FORCETOC__United Biscuits is a British multinational food manufacturer, makers of the BN biscuits, McVitie's biscuits, KP Nuts, Hula Hoops, The Real McCoy's crisps, Phileas Fogg snacks, Jacob's Cream Crackers, and Twiglets...
), and own SerCom, the IT distribution and supply chain management company.
Other company interests include the FloGas Butane
Butane
Butane is a gas with the formula C4H10 that is an alkane with four carbon atoms. The term may refer to any of two structural isomers, or to a mixture of them: in the IUPAC nomenclature, however, butane refers only to the unbranched n-butane isomer; the other one being called "methylpropane" or...
company, the Fannin Healthcare pharmaceuticals company, 50% of the Kylemore cafe and contract services chain, and the Enva Environmental firm.
DCC Nutraceuticals is an element of DCC Healthcare, which is a wholly owned part of DCC. DCC Nutraceuticals comprises three familiar names in the health manufacturing market: - Thompson & Capper (T&C), EuroCaps and Laleham Healthcare.
History
The company was founded by Jim Flavin in 1976 as Development Capital Corporation Limited. Originally the company focused on providing venture capital to start ups, however in the mid-1980s it changed direction and became an industrial holding company, changing its name to DCC and floating on the Irish Stock ExchangeIrish Stock Exchange
-History:The Irish Stock Exchange is Ireland's only stock exchange and has been in existence since 1793. It is an Irish private company limited by guarantee. It was first recognised by legislation in 1799 when the Irish Parliament passed the Stock Exchange Act...
and London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1994.
The company was recently embroiled in a controversy over the issue of insider trading
Insider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
in Fyffes
Fyffes
-History:In the 1870s Thomas Fyffe, a London food wholesaler, went into partnership with a fruit dealer named Hudson who had connections in the Canary Islands. In 1878 they shipped their first cargo of bananas to England. Within five years the business had become so successful that they purchased...
plc, the Irish fruit
Fruit
In broad terms, a fruit is a structure of a plant that contains its seeds.The term has different meanings dependent on context. In non-technical usage, such as food preparation, fruit normally means the fleshy seed-associated structures of certain plants that are sweet and edible in the raw state,...
importing company in which a subsidiary of DCC, Lotus Green, held a stake. In 2002 Fyffes sued DCC over the sale of its stake in the company. The case was tried in the Irish High Court from December 2004 until July 2005, and on 21 December 2005 judgement was handed down. DCC was cleared of insider trading, although it was found to have been acting as a "single entity" with Lotus Green and Jim Flavin with regards to the sale of the shares.
Fyffes appealed to the Irish Supreme Court and, in a judgement on July 27, 2007, the Supreme Court overturned the High Court's verdict and ruled that the documents that had been in Flavin's possession when DCC sold the shares had indeed been price sensitive. As a result, DCC and Flavin came under the examination of the Irish Director of Corporate Enforcement
Director of Corporate Enforcement
The Office of the Director of Corporate Enforcement in Ireland was set up by the Irish Government on November 28, 2001 as a consequence of the proceedings and the conclusions of various review groups, courts, tribunals of inquiry and parliamentary committees in recent years...
and Fyffes may be awarded costs and substantial compensation when the case returns to the High Court.
It is the largest insider trading case to date in Ireland.