Calor has announced a joint venture with Hamilton gas products.
Calor is the main supplier and distributor of Liquefied Petroleum Gas in Ireland and is teaming up with Hamilton Gas Products, Bangor, a leading supplier of domestic appliances in the United Kingdom and Ireland.
The strategic agreement will see Calor purchase 50% of the shares of Hamilton through a capital investment in the company.
Calor and Hamilton Gas Products will be run as separate businesses, with the two brands promoting appliances via the Hamilton website and Calor’s dealer network.
According to the companies joint statement, revenue in the Irish domestic appliance market grew to €766 million in 2011 compared to €748 million in 2010, an increase of 2% year on yearⁱ.
Hamilton’s has seen turnover grow continuously over the last number of years despite the difficult economic environment.
The group’s overall objective is to expand its offering to both domestic and commercial customers through the right strategic agreements, which will benefit all parties.
Calor’s turnover in 2011 was €140 million. The company, which is owned by SHV Energy, a global LPG distributor employs 258 staff in 6 sites located throughout Ireland and a further 200 indirectly.
