Watson Petroleum said the move was in line with both companies’ strategic growth plans and it enabled Burnley-based Samuel Cooke & Co to concentrate on development of its core wholesale business in its North West heartland.
Watson employs around 660 staff and is a distributor of heating oil and domestic fuels, auto diesel, petrol and lubricants and kerosene. In 2011, it posted sales of £834m and pre-tax profits of £8.1m.
Samuel Cooke & Co specialises in the blending and distribution of fuels and oils and posted sales of £106m in 2010, employing 60 staff.
“For Watson, this provides an opportunity to further develop an area in which we entered with the opening of our Doncaster depot in March 2011,” the company said in a statement.
“The Barnsley depot is located in Wombwell and has been established for over 20 years. We will operate as ‘Cooke North East’, a division of Watson Petroleum.”
The value of the deal was undisclosed. Law firms Brabners Chaffe Street in Manchester and Thrings in Swindon advised Samuel Cooke & Co.