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US English

DCC share price jumps 6% after Almo takeover

By David Burrows

09:04, 15 December 2021

DCC logo on building
DCC expects to have revenue of approximately $2.3bn in the North America region following Almo acquisition – Photo: Alamy

DCC saw its stock price rise by over 6% to £58.44 ($77.52) in early morning trading in London. The surge followed the firm’s announcement that it had successfully acquired US-based Almo Corporation.

Dublin-based DCC, an international sales, marketing and support services group, bought Almo for $610m (£460m) on a cash-free, debt-free basis.

The deal represents DCC’s largest acquisition to date and significantly expands DCC’s North American business.

Almo is a leading specialist sales, marketing and value-added distribution business, operating across business-to-business and consumer channels for appliances, electronics and lifestyle products. It has revenues of approximately $1.3bn.


147.02 Price
-0.540% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.27


249.42 Price
+5.620% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.18


127.75 Price
+6.400% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.12


0.72 Price
-0.490% 1D Chg, %
Long position overnight fee -0.0253%
Short position overnight fee 0.0033%
Overnight fee time 22:00 (UTC)
Spread 0.0125

Boost to North American business

The acquisition will, according to DCC, significantly increase the scale of its overall business in North America – on a pro-forma basis, DCC will have revenue of approximately $2.3bn (£1.7bn) in the region.

Commenting on the acquisition Donal Murphy, Chief Executive of DCC, said: “The synergistic acquisition of Almo more than doubles the size of our North American technology business. It will create the leading, specialist Pro AV [professional audio-visual] player in the US, as well as providing the Group with real scale across the ecommerce and consumer channels, through Almo’s significant presence in the growing lifestyle, consumer appliance and electronics markets.”

DCC has committed around £550m to acquisitions in the financial year so far.

Read more: Halma snaps up US-based Infinite Leap for m

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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