DCC acquires US sales and distribution business Almo

Sales and marketing firm DCC has acquired US sales and distribution business Almo for approximately $610.0m, its largest acquisition to date.

DCC, which acquired Almo via its DCC Technology unit, said on Wednesday that the acquisition "materially expands" its "successful and growing" North American business, more than doubling its size.

"The acquisition of Almo is a major step in the continuing expansion of both DCC and DCC Technology in North America. DCC Technology entered the North American market in 2018 and since then has expanded significantly, through a combination of strong organic growth and acquisition activity," said DCC.

"Together with DCC Technology's existing platform, the acquisition of Almo will create the leading, specialist, Pro AV business in North America. The North American market is the largest B2B and consumer technology market in the world and the acquisition will enhance DCC Technology's presence and capability in the consumer channel where Almo is also the largest national distributor of consumer appliance and lifestyle products."

DCC highlighted that it had now committed roughly £550.0m to acquisitions in the year ending 31 March.