Gleaner to Expand South
Husband and wife Jane and Stephen Scott, who owned half of Gleaner Oil & Gas, have acquired the remaining 50 per cent of the business from Brian Young for an undisclosed sum. Brian’s father founded the Elgin based company in 1954.
The business currently owns nine fuel supply and retail locations in Scotland and employs 180 staff. The new owners plan to recruit around 20 additional staff and increase the company’s geographical footprint by moving into the south of Scotland and north of England.
Outgoing Gleaner chairman Billy Laing said: “We are in a very strong financial position and the company is ready to grow and enter new markets in the south of Scotland and the north of England, which is one of the many plans that the new generation, in the form of Jane and Stephen, have in mind.”
Jane Scott said: “We have enjoyed consistent growth over the years and, strategically, are very well placed to take advantage of new opportunities. We supply a wide range of products across different markets, including agricultural, domestic, industrial, marine, petrol and lpg, and have around 16,000 regular business customers.
“The principal focus for Stephen and I is to safeguard and enhance the future of the company and, with appropriate help from managing director David Todd, to recognise the significant input of the company’s many longstanding employees. We also want to bring economic benefit to Moray and beyond by growing the business.
“Our principal strategy will be to pursue organic growth but we will also consider acquisitions if there is a good fit and if the sites allow us to build our footprint on a profitable and sustainable basis. Stephen and I are absolutely determined to honour the legacy of my father Evan, who, along with Brian, did so much to develop the company to the benefit of so many people.”