Elite One Source Nutritional Services: DCC announces first US healthcare acquisition

Irish conglomerate DCC Plc (LON:DCC) has announced its first healthcare US acquisition and said operating profit this year will be in line with current forecasts despite mild weather in France. Elite One Source Nutritional Services focuses on nutritional products in various packaging formats. The consideration, based on an enterprise value US$50mln, was paid in cash on completion. Donal Murphy, chief executive, said Elite provides an entry into the US market, the world's largest healthcare and dietary supplements market and offers significant opportunities for organic and acquisitive growth." Elsewhere, Retail & Oil and DCC Healthcare recorded strong growth in operating profit, while DCC Technology benefited from acquisitions and a good organic performance from the UK and Ireland.