- DCC Plc
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DCC plc (LSE: DCC) is an Irish diversified investments group and holding company, founded by Jim Flavin in 1976[1].
Contents
Products and services
Among other interests, they own the Emo 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.
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 Exchange 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[2] and Fyffes may be awarded costs and substantial compensation when the case returns to the High Court.[3]
It is the largest insider trading case to date in Ireland.
See also
- List of Irish companies
External links
References
- ^ DCC plc: DCC plc history.
- ^ Irish Times: Companies Watchdog Examines Flavin Judgment.
- ^ Irish Times: DCC may face bill of €110m.
ISEQ 20 companies of IrelandAllied Irish Banks · Aryzta · Bank of Ireland · CRH · C&C Group · DCC · Dragon Oil · Élan Corporation · Glanbia · Grafton Group · Greencore · Icon · Independent News & Media · Irish Life and Permanent · Kerry Group · Kingspan Group · Paddy Power · Ryanair · Smurfit Kappa · United Drug
Categories:- Companies listed on the London Stock Exchange
- Companies of Ireland
- Companies listed on the Irish Stock Exchange
- Companies established in 1976
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